Photo: Courtesy of The Chicago Real Estate Local.
If you've been trying to get rid of your house for the past few months — or years — we've got some good news. According to the Home Buying Institute, the housing recovery has reached the Midwest, stating that "the latest numbers from the S&P/Case-Shiller Home Price Index show that Chicago, in particular, is experiencing a sustained recovery in house values."
Determining factors including the median sale prices for homes, a decline in foreclosures, positive developments as far as supply and demand, and low mortgage rates currently make the market appealing to both buyers and sellers. So, if you've put up with renting longer than you've wanted, or you've seriously outgrown your current casa, you may want to strike while the iron is hot because you never know when it will cool down again — and for how long.