As reported by the Chicago Tribune this week, Chicago area home prices rose for the fourth consecutive month in August – according to the S&P/Case-Shiller home price index. Chicago area home prices rose 1.4% in August. Although it is still down from August of 2010 by 5.8% – the month-over-month increase for a fourth month in a row could be a strong indication of improvement.
Jeanne Jordan, CNC, Realtor