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CHICAGO-Despite the expiry of the tax credit, home sales in the Chicago area shot up by 34.7% in Q2 2010 compared to that of Q2 2009, as a result of a steep decline in mortgage rates even as median prices decreased to $196,000, a 2.5% dip from last year.

Exisiting condo and home sales went up by 32.8% during Q2 2010 compared to that of Q2 2009, while home sales statewide soared by 27% in Q2 2010. For the full story, go to Chicago Sun Times.

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