About 1,900 existing single-family homes and condominiums were sold last
month in Chicago, making it the most active March for the local housing
market since 2008, the Illinois Association of Realtors reported
Chicago's 7 percent cap on property assessment increases will be phased out this year.
The sale of homes in the nine-county area around Chicago has risen by more than 19 percent in December when compared to the previous year.
Chicago home prices fell in September .6 percent compared to August, according to the S&P/Case-Shiller home price index.
Chicago area home prices, along with those in eight other cities, have hit an all-time low, according to a new report by the S&P/Case-Shiller home price index.