Just released this morning, the Chicago Metro Area Standard & Poor’s Case-Shiller Housing Index for August rose for the 4th straight month! Seasonally adjusted, the August index rose 1.2% from the July index. The index is down 5.8% for 2009 and 12.7% from a year earlier.
With the surge of first time home buyers locking in purchases before the first time home buyer tax credit expires December 1st, expect the Chicago Case-Shiller Index to continue rising through November.
For more in-depth Chicago Metro Area housing market analysis, sign-up for my monthly email update, “Maximizing Equity“.
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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