Keeping up with Chicago's North Shore Real Estate Market!

Contact Ann

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Wednesday, July 25, 2012

At the bottom?

"The local housing market hit its bottom in the first quarter this year, according to real estate information company Zillow Inc.

In a report today, Zillow says U.S. home values “have reached a bottom,” saying the 0.2 percent year-over-year rise in its Home Value Index was the first increase since 2007.

Across the Chicago region, however, prices were down 5.8 percent in the second quarter compared with last year and are projected to dip another 0.5 percent over the next year."

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