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Although there are some small, promising signs that the housing market may be working toward a slow recovery, analysts warn that home prices are not at bottom yet[1]. Thanks to restricted financing – particularly when it comes to real estate investors – and an oversupply of homes for a dwindling population of first-time homebuyers, the [...]
An expected seasonal uptick in home sales caused an index of Chicago-area home prices to rise in May, but worries persist that the nation’s housing market continues to do little more than bounce along the bottom. The widely-watched S&P/Case-Shiller home price index showed that the prices of single-family homes in the Chicago area rose 1.7 [...]
Wimpy U.S. job creation numbers and an inventory of more than nine months of houses for sale make it likely that U.S. home prices will continue to slide, real estate editors were told Wednesday. “I guarantee you prices will continue to go down,” said Ted Jones, senior vice president and chief economist for Stewart Title. [...]
WASHINGTON Home prices in most major U.S. cities are rising for the first time in eight months, boosted by an annual wave of spring buying. Analysts cautioned that the increases may be temporary and don’t signal a rebound for the depressed home market. Prices rose in 13 of the 20 cities tracked by the Standard [...]
Home prices across the nation rose in April for the first time in eight months, but prices in the Chicago area fell for the ninth consecutive month, according to a widely-watched barometer of the housing market. Prices of single-family homes in the Chicago area, along with five other markets — Charlotte, Detroit, Las Vegas, Miami [...]