Tuesday, August 26, 2008

Chicago Home Sales Drops Over 25%

The National Association of Realtors reported another hit to the Chicago real estate market. Home sales in the metropolitan Chicago area fell 25.2 percent, and median prices slipped 2.9 percent in July from a year earlier, the Illinois Association of Realtors said Monday. They also reported close to a 3% drop in existing home sales as people are buying properties at a discount. Read on...

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