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Chicago Real Estate Market
Local Forecast and Market Fundamentals
| Chicago-Naperville-Joliet,IL |
|
Forecast change: June 30, 2009 – June 30, 2010 |
-4.1% |
| Forecast change: June 30, 2010 – June 30, 2011 |
+0.7% |
| Median family income (2008) |
$71,100 |
Median home price change (From 2nd quarter 2008
thru 2nd quarter 2009) |
-16.5% |
Real Estate Statistics
| Best Places to live |
Batavia, Buffalo Grove |
Most improved city for home prices in
2nd quarter 2009 |
Chicago +2.2% |
| Fastest job growth |
Will County-Plainfield, Shorewood, Romeoville, New
Lenox, Joliet, Mokena, Goodings Grove, Crete |
FHA Mortgage Loan Limits
| County |
One-Family |
2-Unit |
3-Unit |
4-Unit |
| Cook |
$410,000 |
$524,850 |
$634,450 |
$788,450 |
| Dupage |
$410,000 |
$524,850 |
$634,450 |
$788,450 |
| Kane |
$410,000 |
$524,850 |
$634,450 |
$788,450 |
| Lake |
$410,000 |
$524,850 |
$634,450 |
$788,450 |
| McHenry |
$410,000 |
$524,850 |
$634,450 |
$788,450 |
| Will |
$410,000 |
$524,850 |
$634,450 |
$788,450 |
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