After 2013’s big gains, home prices are expected to moderate this year. CoreLogic Case-Shiller expects prices to increase by the mid-single digit percentages for the 12 months through September. See how your market is expected to fare.
|
Chicago-Joliet-Naperville, IL Metropolitan Division
|
|
| Forecast change: third quarter, 2013 – third quarter, 2014 |
+5.4%
|
| Forecast change: third quarter, 2014 – third quarter, 2015 |
+4.4%
|
| Market fundamentals | |
| Median Family Income (Second quarter 2013) |
$74,600
|
| Median Home Price (Third quarter 2013) |
$247,000
|
| Change in Home Prices (From Third quarter 2012 through Third quarter 2013) |
+9.5%
|
| Worst 1-Year Home Price Change (1980-2013) |
-18.8%
(2009:Q1 )
|
(Source: Forecast as of January, 2014, courtesy of CoreLogic)
