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

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Monday, July 30, 2012

Home Sales are being strangled

"Negative equity, lack of consumer confidence, frozen foreclosures and a shaky economy all have received their share of blame for the dearth of sellers and buyers that keeps the housing recovery in low gear and vulnerable. No factor, however, has been as devastating to the housing economy and as difficult to improve as the inability of buyers, especially credit worthy buyers, to get financing..."

Real Estate Economy Watch
How Tight Credit is Strangling Home Sales

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