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Chicagoland Home Price Growth Weakens


These are not good times for home buyers in the Chicago housing market.

According to the S&P CoreLogic Case-Shiller Indices, home values in the Chicago area grew at their slowest pace since October 2015.

Prices in Chicago grew at a paltry rate of 1.6% in May compared to a national average of 3.4%. In fact, home values are still well below their 2007 peak before the housing bust.

Among 20 major U.S. metro areas, only two had weaker price growth than Chicago (San Francisco and San Diego).

Slow job growth may have contributed to the weakening, but of late, Chicago’s job growth has outpaced national trends.

However, the impact on home prices might be better for home renters and investors.

Read on 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.

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