Tuesday, April 29, 2008
Home prices set to slide 8% this year!
Well, the bubble is bursting, folks. Or rather that's what the media wants us to think. Really,
I think the market is normalizing... Crain's Chicago Business just came out with an article this week that says that home
prices in Chicago dipped 5% in 2007 and are set to dip another 8% this year. Hey, 8% isn't that bad, considering in many
other markets, prices have dipped MUCH lower than that. Now is a great time to buy, everyone! Home prices in Chicago
have always been very high and even so, there are still areas in Chicagoland that are increasing, such as Naperville, Evanston
and parts of Lakeview, Lincoln Square, Irving Park and North Center. Prices are predicted to drop another 2% or so in 2009,
but I guarantee things will not look this grim forever. Real estate is a GREAT investment. It always will be.
4:35 pm cdt
your big IRS checks everyone! :)