Just released this morning, the Standard & Poor’s Case-Shiller Housing Index for the Chicago Metro Area for June rose for the second month in a row. The June index rose 1% from the May index, 0.5% seasonally adjusted. The increase for the May index was the first month to month increase in the index since June 2008.
The June 2009 index is down 16.7% from June 2008.
Two months of a rise in the index is not enough data to determine if single family (house) prices have bottomed, but it is certainly positive news!
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ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
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That’s great news! There are lots of really nice deals out there.