If you are wondering what the forecast for the Chicago Real Estate Market isâ€¦Iâ€™m sure you will be as pleased as I was after reading the following from the ChicagoLand Real Estate Forum!
Chicago Real Estate Market Among Those to Watch in 2012
The Chicago real estate market is being lauded as one of the top to watch in 2012.
Homes.org has released a list of theÂ Top 9 Real Estate Markets to consider in 2012, based on several factors, including affordability, appreciation potential, price stability, area unemployment, job potential and median home prices.
The Chicago area is considered one of the best places to buy a home next year.
Based on those factors, nine real estate markets stood out as cities where buying a home is likely to be a good investment, and Chicago was one of them.
No surprise there. With record-low mortgage rates and home prices, you know that once the smoke clears and the housing industry bounces back, Chicago home values will recover and then some. How long that will take is another story.
The Windy City was listed as a top performer on the Clear Capital Home Data Index Market Report for December. Chicago and its suburbs is one of the major markets in the Midwest, if not the major market, and the Midwest region has experienced the highest quarter-over-quarter gains.
The other eight markets to watch for in 2012, according to Homes.org:
*Santa Fe, NM
Happy House Hunting!