Chicago Housing: Hot or Not?

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Residential real Estate Reporter for Crain's Chicago Business, Dennis Rodkin, joins Windy City Live to talk about Chicago housing. (WLS)

Since the housing market bubble burst, Chicago has been one of the slowest areas to recover in the country.

Residential real Estate Reporter for Crain's Chicago Business, Dennis Rodkin, joined Windy City Live to talk about the slow recovery, what neighborhoods are the exception to the rule and why this is happening.

See who's moving in and who's moving out, and for fun, he brings us a look at some unique housing that just sold.

Six months is considered a healthy balance between a buyer's and a seller's market. Under three months means it's not only strongly a seller's market, but it's likely to be a place where buyers get into bidding wars, lose out on the homes they want, or find they have to look farther afield for a home, if only to reduce their frustration level.

There are areas in the city and some suburbs where the time on market is less than two months.

Those areas are:

Chicago
Logan Square
West Town
Avondale
Lakeview
Near West

Suburbs
Hanover Park
Bellwood

To read Dennis' column, visit Crain's Chicago Business.
Related Topics:
realestatehousinghousing marketreal estatehomeownershome

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