Where home prices are headed next
Published July 7th, 2008 in The MarketTop 100 markets forecast: Where home prices are headed next
CNN/Money reports that housing prices should continue to decline in 75 of the top 100 U.S. markets over the next 12 months. As of May 2008, Chicago’s median home price is $279,000, a 29.2% increase in the past five years. However, this is expected to drop by 6.8% by next May.