MARKET UPDATE: Housing could be the economic driver in Chicago for 2014

“Chicago remains central North America’s undisputed economic powerhouse.” This from PNC Bank in their 2013 3rd Quarter Economic Outlook.  We are a city to watch in 2014 and housing is at the top of the the list of economic drivers contributing to the boom. Home prices rose 10.9% over 2012, the largest year over year gain since 1988.

PNC economic forecast for third quarter 2013

Chicago Tribune article about increase in home prices

 

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