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- Jul 14, 2015
Chicago Home & Condominium Rebound Continues As Resale Prices Rise
Benchmark 30-year fixed mortgage interest rates may have inched above 4 percent, but existing home and condominium sales and prices have not lost momentum, experts say. The housing market has continued to rebound in Chicago and nearby suburbs this spring and early summer, and sellers have pocketed solid appreciation gains, reported the Illinois Association of Realtors® (IAR). Some 2,700 homes were sold in May in the city of Chicago, up 10.1 percent from May of 2014 when 2,453