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Chicago 2017 Home Resale Prices on the Rise


Crane’s Chicago Real Estate reports that homes sold in Chicago are fetching higher prices these days.

“An increasingly healthy Chicago-area real estate market is generating higher profits for sellers,” said Crain’s Chicago Bus

iness Journal in the April 27, 2017 edition.

The publication pointed to data compiled by Attom Data Solutions. “The average profit that a Chicago home-seller made in the first quarter of the year was up nearly 20 percent from the previous quarter.”

On average, said Attom, Chicago sellers’ profit was $11,500 for the first quarter of 2017. That was an increase of nearly $2,000 from the $9,619 gain in the fourth-quarter of 2016. By contrast in 2016, “Chicago-area sellers averaged a loss of $10,100,” according to Attom.

Please see the Crain’s story here.

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience. Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

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