The State of Illinois and the Chicago area are finally enjoying some good news in the housing market.
“For the first time since the recession began, the housing markets in Illinois and Chicagoland region almost presented positive indicators across the board.” said Dr. Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory (REAL) of the University of Illinois. (iar.org)
In the Chicagoland PMSA*, sales were up 36.7% over last year. Prices were down, but the decline was just 3% over 2009 (iar.org).
*Chicagoland PMSA is the Primary Metropolitan Statistical Area and includes the following counties: Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry, and Will.
