May 9, 2012

Housing Market in the Old Sod

In case any of you are interested in moving back to the Old Sod, Zillow is an excellent source of information.  You go to
Type in an address and you get a lot of info about the home and neghborhood.

The graph above shows the average value of the home, the neighborhood, and the City. The neighborhood above is the Mt Greenwood area of Chicago. Over ten years housing values went up rapidly, and then have continued down since 2006.

Every housing market is different. Most of the nation has experienced the same value swing, but some markets are now recovering.

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