Newsviews: Chicago's Real Estate Market

CHICAGO (WLS) -- Many people are wondering if Chicago's real estate market is heading toward a slump.

WATCH: Newsviews Part 1

Many people are wondering if Chicago's real estate market is heading toward a slump, several real estate experts stopped by ABC7 Chicago with their predictions.

Some reports about a possible slump are troubling, but that perspective may depend on what neighborhood you reside in, and whether you are buying or selling a home.

WATCH: Newsviews Part 2

Many people are wondering if Chicago's real estate market is heading toward a slump, several real estate experts stopped by ABC7 Chicago with their predictions.

Tommy Choi, the president of the Chicago Association of Realtors, Orphe Divounguy, chief economist with the Illinois Policy Institute and Paul Wells with Re/Max of Barringto stopped by ABC7 with their predictions for where the market is heading. They also explained the factors that may affect the future of the city's housing market.