The headline on a story that appeared on our site yesterday read, Is the Chicago Real Estate Industry Starting to Stabilize? According to another real estate website, the answer is yes. Median home values across the country have risen on the Zillow Home Value Index for four straight months and have now marked the first …
The Illinois and Chicago real estate markets have started the year off strong. Statewide sales even posted the best January sales report since 2007. According to the Illinois Association of REALTORS®, 6,435 homes were sold throughout Illinois in January. That’s a 16.1 percent improvement from the 5,543 homes sold in January 2011 and the highest …
Jobs are key to the recovery of the Illinois and Chicago real estate industry. While our state’s unemployment rate sits well above the national average, this month saw a minor move in the right direction. The Illinois unemployment rate for the month of November fell to 10 percent from October’s 10.1 percent. According to the …
We’ve discussed before how the recovery of the nationwide and Chicagoland real estate market is directly connected to unemployment, so naturally we are happy to report that last month’s unemployment rate fell to its lowest level since May 2009. Approximately 103,000 jobs were added to the economy in December to drop the nationwide unemployment rate …
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