Thursday, May 15, 2014

Some home prices almost back to peak

Dennis Rodkin of Chicago Real Estate Daily reported on April 29, 2014, that if you bought a house in the Chicago Lincoln Park neighborhood as the residential market was peaking in 2007, you just might be able to sell it this year for the price you paid, maybe even more.

He states that an index of single-family home prices in the 60614 zip code in the affluent North Side neighborhood was just 2.5 percent shy of its 2007 high water mark by the end of 2013, according to new data from CoreLogic Inc., an Irvine, Calif.-based firm that calculates the Case-Shiller home price index. Lincoln Park, Bucktown and Lakeview and the Near North Side led the list of zip codes in the Chicago area where prices are approaching their boom-era levels. The news about the broader Chicago-area market is good, too. In 2013, for the first time in seven years, prices rose  in all 235 Chicago-area zip codes that CoreLogic tracks.

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

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