Abstract:
Data and information on the Chicago remodeling market
Publication Date:
Wed, 2009-09-30 19:00
Article Image:
Population: 9,569,624 (5.2 percent increase since 2000)
Existing home sales: Q2 2009 sales were down 15.4 percent from 2008, but up 67.7 percent from Q1
Home prices:
- Down 16.7 percent from 2008
- Down 25.9 percent from September 2006 local peak
- Down 12.3 percent over last 5 years
- Up 29.1 percent over last decade
Homeownership rate: 69.4 percent (No. 29 among major metros)
Median household income: $58,946
Local unemployment rate: 10.6 percent (up from 6.8 percent in 2008)
Sources: Illinois Association of Realtors, S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau
RELATED LINKS
Chicago Tribune: Chicago home sales up again in July
New York Times: The Second City Is Becoming Second-Home City [1]
The Corner Office: Airoom
The Corner Office: Orren Pickell Designers & Builders
Normandy Builders, 2007 Remodeler of the Year
Insurance Restoration Offers Recession-Proof Path to Success (Profile of J.C. Restoration)
