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HOME PRICES UP OVER 6% NATIONWIDE; LARGEST GAIN IN 6 YEARS; LOW INVENTORY IN CHICAGO

04 Dec

OPEN HOUSE 10/27/12 3447 S GILES 312.475.4548

Published 12/4/12

New reports released today, finally relayed good news for the housing market.  Nationwide home prices are up 6.3%; the largest gain in 6 years.  Anyone searching for a home recently knows this news is no surprise.   Multiple offers are up and homes are selling faster than ever.

The increase in average sales price is said to be up due to low inventory and low-interest rates.  Many homeowner’s have also begun putting their homes on the market again and previously nervous buyer’s are back out.  When you combine supply and demand with record-low interest rates, this is an obvious outcome.

READ FULL STORY via HOME PRICES UP OVER 6% NATIONWIDE; LARGEST GAIN IN 6 YEARS; LOW INVENTORY IN CHICAGO.

 
2 Comments

Posted by on December 4, 2012 in REAL ESTATE

 

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2 responses to “HOME PRICES UP OVER 6% NATIONWIDE; LARGEST GAIN IN 6 YEARS; LOW INVENTORY IN CHICAGO

  1. Tom Nefeldt

    December 4, 2012 at 8:26 pm

    Thast’s really good news, is it not?

     
    • brittaj

      December 4, 2012 at 8:47 pm

      It is great news! Except with the low inventory…hoping I will have some homes to sell!

       

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