iar: The Sun Will Come Out Tomorrow In Chicago's Housing Market - 09/28/12 11:45 PM
 
The Chicago metro area had the best home sales volume in 59 months according to reports by the Illinois Association of Realtors (IAR). In the last year sales were up 28.5%. There were 9,240 new and existing homes sold in the nine-county Chicago metropolitan area, compared to the 7,188 homes sold the year prior. Notable was the condo market whose sales increased 35.9%.
In the recent past there had been concerns that there would be a backlog of shadow inventory in states like Illinois where the foreclosure process takes longer, due to protections enacted by states to protect home owners … (0 comments)