Home Prices Holding Up Against Chicago Foreclosures
Home prices are now holding up against Chicago foreclosures in certain neighborhoods. After three years of continued slide in house prices, a number of Chicago neighborhoods have been showing surges in prices.
These recovering neighborhoods, according to local analysts, are the areas that were hit immediately when the foreclosure crisis started. As they suffered first, distressed properties in these neighborhoods were resold first, giving more time for these communities to recover.