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Have Chicago housing prices reached bottom?16629


               
2009 Aug 2, 4:15am   1,964 views  4 comments

by chi_renter   follow (0)  

It appears from Case Schiller index that Chicago house price drops have flattened the last couple months. It looks like we are back to 2003 levels. Do you think we have hit bottom here? Is now a decent time to buy or should I wait until next Summer? Where do you think Chicago prices should end up (2000?) if you think they have further to fall?

#housing

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1   G   2009 Aug 2, 8:17am  

Prolly not just one answer to that question- chicago metro is many many markets. The city neighborhood I watch does not appear to be bottoming. I saw some listing price changes actually go up, but they are not selling. My impression is that a large proportion of the sellers now bought 2004-06 and are trying to get out as/before they go underwater.

2   StillLooking   2009 Aug 3, 1:03am  

I noticed that Chicagoland is not on property shark. Is there anything comparable to property shark for Chicagoland?

3   G   2009 Aug 4, 12:48am  

LOL. Nice to see your English skills are advanced enough to spot that!

Do you have anything substantive to say about the thread subject?

interpretame says

G says

Prolly not …..

“Prolly” is not a REAL word. May I suggest you TRY to use REAL words to communicate?
http://www.metacafe.com/watch/730204/stupid_american/

http://www.youtube.com/watch?v=Bx4pN-aiofw

4   StillLooking   2009 Aug 5, 1:33am  

Unemployment in Chicagoland has doubled from about 5% to about 10%.

And asking prices our still sky high. IMO prices have a ways to go on the downside.

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