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MARKET CHANGES FROM 2007 TO 2008 IN CHICAGO LAKEFRONT REAL ESTATE MARKET

By
Real Estate Agent with Jameson

As the Spring Real Estate Market begins and we highly anticipate the impact on real estate from the Stimulus Package; I thought it would benefit my readers to know how the real estate market along Chicago's Lakefront changed from year end 2007 and 2008.

Everyone knows that we are in a strong Buyer's Market. The difference between this one and the others is the people who normally take advantage of the lowered prices are hesitating. A few savvy investors are getting the bargains of their lives!

It is possible to purchase a one-bedroom Gold Coast condo on Lake Shore Drive for less than $200,000; now is the time to buy! Real Estate will continue to be one of the best investments over time.

This chart does not include every community and as you can see, it is not as bad as the media would have you believe. So stop watching CNN (Continuously Negative News) and start your search for that Dream Home or Investment property. It's a Buyer's Market after all and that means it's a GREAT TIME TO BUY! I also have a few excellent lenders who would love to help you.

For information on these or other Chicago communities; you can search my website www.LakefrontLivingInChicago.com or call me at my Rubloff direct line 312-264-5852.

Market Change 2007 vs 2008