National Association of Realtors

Chicago's 2017 housing market will be weakest in nation, group says

Chicago's 2017 housing market will be weakest in nation, group says

The housing market in the Chicago area is expected to be the weakest of any of the nation's 100 largest metropolitan areas during 2017, leaving opportunity for people to buy homes at affordable prices while perhaps frustrating home sellers.

Both prices and sales will increase, but at a stunted rate compared with other areas, according to a forecast by Realtor.com, a website for the National Association of Realtors. The prices of homes throughout the Chicago metropolitan area are expected to climb just 1.95 percent, and sales of new and existing homes are expected to increase 2.27 percent.

Nationally, home prices are anticipated to climb 3.9 percent and home sales are predicted...

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