CHICAGO-Illinois Association of Realtors' report shows that acontinuing weak economy and the expiration of federal tax creditshave made home sales fall 25.1% in July in the Chicago metropolitanarea. The report also shows that the median price dropped by 9.6%to $193,000.
Home sales in Chicago plummeted 19.5% to 1,589 and the medianprice sank 19.8% to $196,500. The director of the University ofIllinois' Regional Economics Applications Laboratory anticipatesdouble-digit decreases in home sales in the future. For thefull story, go to Chicago Sun Times.
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