Chicago real estate, living and neighborhood perspective

July Newsletter

July-newsletter

HOUSING HEATING UP FOR 2nd HALF OF ’14
Market gaining momentum after weather, low inventory slowed spring sales. Despite a slow start, 2014 is proving to be an eventful year for housing. Here at @properties, we’ve been keeping a close watch on local market conditions, and all signs point to a very busy second half of the year. Let’s take a closer look at some first half highlights and what to expect this summer and fall:
• Transactions: While overall home sales have decreased on an annual basis, sales of non-
distressed properties in the Chicago area jumped 12 percent through the first half of the year, a sign that fewer homeowners are underwater. Pending home
sales – which are based on signed contracts – have also risen significantly in the last couple of months. The market has finally hit its stride after getting off to a slow start this spring.

Realty Evolved