Tag: housing sales

Resisting the temptation to declare the start of a Chicago housing market rebound

The March sales numbers from the Illinois Association of Realtors were good for Chicago. Not only did the number of condo and single-family home sales in the city rise during the month, so did the median price of these sales. That last point is important. For months, city of Chicago home sales have been rising,... Read more »

Even the ritzy Chicago suburbs have sluggish housing markets

When I was a kid, we considered a trip to the Plush Horse ice cream parlor in Palos Park to be a real treat. And why not? The ice cream was great. It still is. The housing market in Palos Park, though, isn’t so terrific these days. In fact, it’s a lot like it is... Read more »

Looking to sell a Chicago home today? The basics matter

Suzy Frederickson The latest numbers are enough to make owners think twice before putting their residences on the market: According to the latest figures from the National Association of Realtors, July housing sales across the country fell by 27.2 percent. July sales represented a 15-year low, and the biggest one month drop in housing sales... Read more »

The pessimists were right: Chicago needs those housing tax credits back

There were two sides fighting it out before April 30: One group said that the demise of the federal government’s housing tax credits — up to $8,000 for first-time home buyers and up to $6,500 for move-up buyers — would put a screeching halt on Chicago-area home sales. The second group said, no, the Chicago-area... Read more »