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Zillow names Chicago the best buyer’s market in U.S.

Posted on 11 July 2012

Chicago may be the Second City but it’s No. 1 for bargain-hunting homebuyers. Of the 50 largest metropolitan markets, the Chicago area is the top buyer’s market, according to real estate site Zillow, meaning buyers have negotiating power because there are plenty of properties for sale that haven’t moved, prompting steep price cuts.
The local statistics in Zillow’s index that gave Chicago its top ranking should buoy potential homebuyers in their pursuit of the American dream. But the numbers also provide a wake-up call for sellers who’ve heard reports of a generally improving housing market and may expect a higher price for their home………………………………………..Full Article: Source

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