Gauging Value in Real Estate as Prices Slide

206645 Resource 199230 199384 199384 1213455822651 1213504885402 Controlled Chicago Real Estate Prices

Everyone’s Asking

One of the top questions people ask is: “What is the story on <city /><place />Chicago</place /></city /> area real estate prices?”If were flying an airplane, let’s look at the 10,000 foot level before getting more granular. Specifically to the current market, with less buyer demand, inventories rise, market time increases, and prices become softer.  <city /><place />Chicago</place /></city /> and the <place />Midwest</place /> fared better than most large <country-region /><place />US</place /></country-region /> cities due to not experiencing the rapid rise in home prices like many areas.  From a report released on <date year="2008" day="22" month="5" />May 22, 2008</date />, by OFHEO (Office of Federal Housing Enterprise Oversight), <state /><place />Illinois</place /></state /> ranks 34 on the list.  To view the 82 page report <a title="Office of Federal Housing Enterprise Oversight (OFHEO)" href="http://www.ofheo.gov/media/pdf/1q08hpi.pdf" target="_blank">Click Here</a>.Personally I have invested and believed in real estate for over 15 years.  On a long term basis, there does not appear to be a better place to invest money.  Empower yourself with knowledge to make great choices.  The media has missed some imperative points of the current market.  There is a great selection of homes and rates are still historically low.  Recently the Federal Reserve released a report comparing the wealth creation between a renter and a home owner.  The renter had approximately $4000 and the home owner approximately $184,400 of wealth creation.  Even for people who aren’t into numbers, it’s easy to see what most people would gravitate towards.See below to read a recent story about gauging value in real estate."Great Homes @ Great Prices with Expert Guidance Along the Way" TMDon't Miss the Bus! TM© RepoHomeTourChicago.com - All Rights ReservedTrademark & Patent Pending 9 application/xml false chicago housing chicago housing prices chicago real estate chicago real estate prices researching foreclosure rates researching foreclosures Gauging Value in Real Estate as Prices Slide Outlook Varies Widely http://online.wsj.com/article/SB120535388773331229.html?mod=RealEstateMain_3 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 2.0.50727; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 wdiehl 72.244.156.49 false true false false true 199303 false false true false false false true 199230 blog blogsite/RepoHomeTourChicago/web