There was just an article in Reuters which talked about what is REALLY going on in the market. Recovery is in sight, but there will be several stages of recovery. We’re seeing increases in the volume of sales, and stronger prices will come down the road. Buyers who are looking to hold on to property have already entered the market: investors, second-home buyers and retirees. Across the country this has been demonstrated, as well as here in Chicago. Although wary, conventional buyers are coming back to the market to, and we can see that especially on Chicago’s near north side.
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