February 27th, 2008
Home Value Trends In Illinois
Real estate experts and the media who predicted a meltdown of real estate, a plummeting of home value rates and the bursting of the housing bubble should be feeling just a bit sheepish now, since none of those predictions have come to pass. Sure the market has slowed, and yes the value of a home isn’t appreciating quite as much as it did in past years, but the real estate market is still plodding steadily along. Besides, knowing how the ‘national’ market is doing, or the median home value in the nation (it was around $221,900 in 2006), isn’t going to do you much good when you’re ready to buy a new home.