October 2003 stands out in Chicagoans’ memory for the Cubs’ infamous collapse one game shy of the World Series. Now there’s another reason to curse that month: Nearly 13 years later, local home values are about the same as they were at the time of that Cubs crash. An index of Chicago-area single-family home values… Read more »
Posts Categorized: Recovery
How Downtowns Succeed
I had anticipated some of the rewards and discoveries of visiting cities in the process of economic and cultural recovery and re-invention. An unexpected reward has been the chance to get a time-capsule view, a kind of real-life time-line diorama, of how the downtown areas of cities look through all the stages of a decline-and-rise… Read more »
Why The Housing Recovery is Off Track (And It’s Not Why You Think)
Lawrence Yun, the Realtor group’s chief economist, said the biggest factor working against the recovery is the lack of homes for sale. The housing inventory is where it should be in a healthy market. If sales were to continue at the current pace, there would be a 5.6 month supply, the group said. But potential… Read more »
