Archive for Chicago home values

U.S. Home Values Experience Biggest Gain Since 2006

According to Zillow, Inc., U.S. home values rose 1.3 percent in the third quarter, which may not seem like a large amount, but this is the biggest increase since 2006. The average home value has risen from$153,800 to $151,800. Home prices have been rising due to two main factors. First of all, the unemployment rate [Read More]

Chicago Housing Costs Higher than National Average

No wonder there were fewer buyers of new homes in Chicago last year; residents here made less and homes cost more than the national average. The U.S. Census Bureau this week released the 2011 American Community Survey, which tracks local estimates on 40 topics, including housing, homeowner costs, people, employment, health insurance, commuting, educational attainment [Read More]

September 22, 2012 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy

Rising Rents Can Help Falling Home Prices

As U.S. home values continue to fall, rental prices continue to rise, especially in the Chicago real estate market, which saw year-over-year rents rise almost as much as values fell. The very first Zillow® Real Estate Market Report has been released to show that median U.S. rents rose 3 percent from January 2011 to January [Read More]

March 16, 2012 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy

Chicago Home Prices the Same as a Decade Ago

Metro Chicago real estate prices have fallen after four straight month-over-month increases. According to the latest Standard & Poor’s/Case-Shiller Home Price Index released Tuesday, home prices in the Chicago metropolitan area in September declined 0.8 percent from August and are 5 percent lower than home prices in September 2010. In fact, today’s home prices around [Read More]

November 29, 2011 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy

Chicago Real Estate Values See June Jump

Chicago-area home prices in June posted the biggest increase in the country. According to the Standard & Poor’s/Case-Shiller Home Price Index, Chicago real estate values increased 3.2 percent from May to June, after increasing 1.7 percent from April. Compared to June of last year, however, Chicago-area home prices are down 7.4 percent. In fact, home [Read More]

August 30, 2011 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy

Home-Price News Seasonal but Positive

Metro Chicago real estate values have gone up for the first time in nine months. The Standard & Poor/Case-Shiller Home Price Index was released Tuesday to show that Chicago-area home prices rose 1.7 percent from April to May. The index is still 8.1 percent lower than it was in May 2010. In fact, home prices [Read More]

July 26, 2011 | Author: Tracey | Comments: (1) | Categories: Chicago Real Estate News, Economy
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