I wanted to shed some light on real estate trends in the neighborhoods surrounding where I live of Bucktown, Wicker Park, Ukrainian Village and Noble Square. It is easy to get caught up in the real estate news du jour, but let's step back and see how these neighborhoods have performed over broader periods of time.
First, the valuations over the last 10 years. This chart really highlights why real estate typically isn't a short term investment. In fact, if you bought 10 years ago, values are still above 2001 pricing.
Now the 5 year valuation overlook. This is the one that's a bit scary. But the trends aren't too different than what happened all over the country, unfortunately.