Chicago, IL (AHN) - Chicago realtor Barbara Marriott reported a slight rise on median house prices in the city and an apparent increase in real estate transactions the past few weeks.
This indicates the real estate market in Chicago "has bottomed out and primed to recover," Marriott wrote in Realty Times.
For the meantime, the Illinois capital city's market will remain steady as foreclosed properties in the Chicago's inventory are sold leading to a positive growth in existing home sales by the second half of 2008.
Friday, April 18, 2008
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