Tuesday, May 27, 2014

Chicago-area home prices are up

Good news if you are selling your property and with the low interest rates, it is also a good time for buyers.

Mary Ellen Podmolik, of the Chicago Tribune reported this morning that March home prices in the Chicago area were 11.5 percent higher than a year ago, the best annualized performance for the local housing market since December 1988, according to a widely watched home price index.

She reported that the monthly S&P/Case-Shiller home price index, released Tuesday, also showed that Chicago-area home prices rose 0.7 percent from February to March, reversing five consecutive months of declines. Also, condominium values in the Chicago area also recovered in March after four months of decreases. Prices rose 1.8 percent from February and were up 18.3 percent from March 2013.

Once you decide to sell or purchase a home, Bradford Miller Law can help you with your transaction at a very reasonable rate. Our experienced Real Estate Attorneys have been representing real estate clients for several years now and have earned membership in the Better Business Bureau. Please feel free to visit our website  for information about our firm and information about buying or selling a home. To discuss your pending or potential real estate transaction call us at 312-238-9298 for a Free 15-minute consultation.

Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
312-238-9298
http://www.bradfordmillerlaw.com

Offering free legal representation to homeowners seeking a short sale

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