ChitownLiving | Chicago Real Estate + Life

The National Association of REALTORS(R) reports that a housing bubble is unlikely in the Chicago market. A few key highlights of the report include:

• Chicago’s current price appreciation of 8% and 3-year price appreciation of 29% is significanlty below that of the top 20 metro areas and the national average.
• Home price growth in the 90’s was relatively weak as compared to the nation, so some of the recent growth is attributed to a “catch-up” effect.
• Chicago housing is relatively affordable as compared to most other top 20 metros.
• The local job market has turned the corner as there have neen 28,000 payroll additions through July 2005.

Reference the complete report: Home Price Analysis for Chicago-Naperville-Joliet For more information contact Jeff Kerr by phone at 773-326-0048, email, or visit www.Kerr-Properties.com.