Dec. 28, 2010 at 9:13 a.m.
Filed under:
Real estate
By Reuters
Prices of U.S. single-family homes fell almost double the expected pace in October, the fourth straight decline, data from a closely watched survey showed Tuesday, fresh evidence the housing market continues to struggle.
In the Chicago area, home prices fell 2 percent from September, bringing the one-year decline to 6.5 percent. Local home prices in October were in line with where they were in February. On a longer-term, historical basis, prices remain near the levels they were at in the summer of 2002.
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Sep. 28, 2010 at 9:21 a.m.
Filed under:
Real estate
By Reuters
(Reuters)
Single-family home prices dipped in July, hovering above multi-year lows absent the homebuyer tax credit that ended in April, according a Standard & Poor’s/Case-Shiller home price report on Tuesday.
The home price index for the Chicago area rose a modest 1 percent in July after a 2.5 percent gain in June.
High U.S. unemployment and millions of foreclosed homes and distressed borrowers keep stalling a home price recovery, overshadowing high affordability and record low mortgage rates, economists agree. Get the full story »
July 27, 2010 at 10:58 a.m.
Filed under:
Housing,
Real estate
By Mary Ellen Podmolik
Like most major metropolitan areas, Chicago-area home prices rose marginally from April to May, but a “sustained recovery” remains out of sight, according to new data released Tuesday.
The widely-watched Standard & Poor’s/Case-Shiller Home Price Indices showed that in the Chicago area, home prices rose 1.2 percent in May, compared with April, but remain 1.5 percent below their levels in May 2009. Get the full story »
