The supply of homes for sale in Chicago is one of the highest in the country, according to a recent report from Business Week.
Chicago, Miami, and Los Angeles led the country in the number of homes for sale. Chicago’s inventory of homes grew by 17.2 percent in the last year. There are now a total […]
Archive for October, 2007
Chicago real estate update: Montclare
Published October 30th, 2007 in Neighborhoods and Real Estate.Homeowners looking to sell their home in Montclare are facing one of the most difficult real estate markets in recent years.
According to the Chicago Association of Realtors, the number of homes sold in Montclare dropped to 11 during the third quarter. It is a 61 percent decline from the same period last year, and the […]
13 new homes planned for Elgin
Published October 29th, 2007 in Suburbs, Homes for Sale and Real Estate.The Elgin City Council approved plans to build 13 new homes at the site of the former YMCA. The three acre development will be located in the Gifford Park area of the city.
Channing Partners LLC is the developer behind the project, and will receive the property from the city. In exchange, the developer agreed to […]
The U.S. Census Bureau and U.S. Department of Housing and Urban Development released a report for sales of single family homes in September.
According to the report, sales of single family homes were 23.3 percent below the number of homes sold during September 2006. A total of 770,000 homes were sold in around the country during […]
Chicago real estate market update: Norwood Park
Published October 25th, 2007 in News, Neighborhoods and Real Estate.Sales of single family homes in Norwood Park plummeted to levels not seen since 1991 during the third quarter, according to the most recent report from the Chicago Association of Realtors.
The neighborhood saw a total of 54 homes sold during the quarter, a 27 percent drop from the same period last year.
Homeowners looking to sell […]