Chicago #1 in the USA in Home Price Growth
Chicago’s home prices are rising faster than those in any major U.S. metro area, according to the Case-Shiller Indices.
In November, Chicago-area home values were up 5.7%, the index says. That is #1 out of 20 major metropolitan areas.
In nine of the 19 other cities, prices were down in November, and in another five they rose by less than 0.5%, basically flat.
“The housing market has entered a period of tepid growth,” said Nicholas Godec, head of fixed income tradables and commodities at S&P Dow Jones Indices. Chicago’s 5.7% increase shows this market “have maintained respectable gains even as overall conditions cool.”
Chicago’s home prices are rising faster than those in any major U.S. metro area, according to the Case-Shiller Indices.
In November, Chicago-area home values were up 5.7%, the index says. That is #1 out of 20 major metropolitan areas.
In nine of the 19 other cities, prices were down in November, and in another five they rose by less than 0.5%, basically flat.
“The housing market has entered a period of tepid growth,” said Nicholas Godec, head of fixed income tradables and commodities at S&P Dow Jones Indices. Chicago’s 5.7% increase shows this market “have maintained respectable gains even as overall conditions cool.”
