Real estate in Chicago, IL, has seen an increase in sales and values over the past month, indicating the area may be on the verge of sustained recovery.
In the coming months, houses for sale in Chicago, IL, may begin to experience increases in activity as renters may be encouraged to invest in property.
In the United States, home values continue to waver and many real estate experts have different views on the direct of the housing market today.
There are some encouraging statistics that indicate the national housing market may be reaching a full recovery, albeit somewhat slowly.
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the March 2012 edition of the Obama Administration's Housing Scorecard.
Beginning April 1, 2012, any borrower with debts owed to creditors over $1,000 may no longer qualify for FHA-insured loans, regardless of credit scores.
Real estate in Chicago, IL continues to hold on. With home sales across the United States slowly increasing, homebuyers may be able to find great deals on property in the Chicago area in 2012.