Chitownproperty

Housing affordability is at its highest point in 18 years, according to the Housing Opportunity Index released by Wells Fargo and the National Association of Home Builders last week. Over 70 percent of homes were affordable to families earning the national median income during the first quarter of 2009, up 10 percent over the previous year. Lower home prices, low interest rates, and the new $8,000 tax credit for first time home buyers contributed to the increase.

The most affordable city in the country was Sandusky, OH; the least affordable, New York City. Chicago was 165th out of 220 metropolitan areas.

Coldwell Banker has a new channel on YouTube featuring videos with real estate advice, market news, and community profiles like the one above about Pilsen.

Wicker Park/Bucktown 1 bedroom + den

Price: $217,000
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Affordable luxury in the heart of Wicker Park/Bucktown– close to everything! This newly rehabbed 1 bedroom plus den & tandem room condo is located in the rear of the building with a private balcony in addition to the common deck. The den is best used as an office, but could even be a second bedroom. The large eat-in kitchen boasts maple cabinets, granite, and SS appliances. The beautifully finished bathroom and in-unit laundry complete the package. This top floor unit has great ceiling height and shows like a model! Extra storage is in the basement, and rental parking options are available in the neighborhood.