Tuesday, January 31, 2012

Chicago home prices slide again in November, to 2001 levels

Chicago Tribune
By Mary Ellen Podmolik
Tribune staff reporter

January 31, 2012
Home prices in the Chicago area fell in November for the third consecutive month, putting them back at May 2001 levels, according to a widely watched index released Tuesday.

The S&P/Case-Shiller home price index found that in November, housing prices in the Chicago area fell 3.4 percent from October and were down 5.9 percent from a year ago. Other than Atlanta, Seattle and Las Vegas, Chicago had the greatest year-over year price decline.

My take: Many people are stuck in their homes right now because of the values.  If someone does have to sell their home though, they do have options.  Short sales are more and more common now and it can be a great deal for a homeowner.  My office DOES NOT CHARGE for representing homeowners trying to do a short sale.  If you are interested in doing a short sale, please call Attorney Bradford Miller at 312-238-9298 for a free phone consultation.

Posted by Bradford Miller Law, P.C.
Real Estate Law, Landlord Tenant Law, Estate Planning

134 N. LaSalle, Suite 2250
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com/

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