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Chicago housing market slowly, stubbornly improves

Posted on 01 October 2012

When the housing market gets back on its feet, how will we know? Will it be when somebody finally fixes up the abandoned house down the block? How about when that stubborn neighbor gets his price on the house he’s listed for two years?
Others might say it’s when the local bank, if it’s still in business, really wants to issue a mortgage. And there will be dreamers who’ll say it’s fixed when they can unload that condo that seemed like such a great idea in 2008. The housing market in the Chicago area is getting better, in accordance with improving conditions nationwide, but it’s still broken. Its problem is that it is broken in many places, and healing will take, well, how long?……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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