BMO Capital Markets Economics released The State Monitor report on June 18, showing a moderate turnaround for the Illinois state economy and the early stages of a housing market stabilization.
A recent study shows that home value increases by 2-3 percent for homes within a half mile of a Wal-Mart location, with a 1-2 percent price increase for homes between a half-mile and one mile of a Wal-Mart.
In 2011, Chicago's start-up technology companies raked in a median income of only $3.4 million compared to the $7 million raised by organizations in Silicon Valley.
Buying property is a big step.
With real estate in Chicago, IL, listed at affordable premiums, you might want to consider investing in for-sale homes and renting them out to quality tenants.
In May of 2012, the rather battered Chicago real estate market continued to record an increase in month-over-month home sales. In fact, the metro posted over an over 12% increase from April and an over 13% increase from May of 2011 in homes sold.
In the past, retirees were able to depend on real estate to provide for their retirement years.
As a prospective homebuyer, you may have already considered purchasing real estate in Chicago, IL.
Shopping for homes for sale in Chicago, IL, can be an exciting experience, as many top-notch properties are listed at competitive prices.
When beginning your search for a new home, you should consider your financial standing before surveying homes for sale in Chicago, IL.