Home prices continued their steady growth in November, according to the latest figures from CoreLogic.
In Illinois, prices increased 2.4 percent, the same as the growth rate in Chicago. The growth rate is on pace with the national trends and another sign of a healthy market.
“Many factors, including strong demand and tight supply in many markets, are contributing to the long-sustained boom in prices and home equity which is a very good thing for those owning homes,” said Anand Nallathambi, president and chief executive of CoreLogic.. “On the flip side, prices have outstripped incomes for several years in a number of regions so, as we enter 2016, affordability is becoming more of a constraint on sales in some markets.”
Read more at Chicago Agent Magazine here.
