Crain’s Chicago Business yesterday released Market Facts 2007. Among the data included in the section on residential real estate (pdf) :
- 97 percent of early defaults in Chicago in 2006 were on adjustable-rate mortgages
- The number of foreclosures in 2006 rose 36 percent from the year earlier
- Median home value in the six-county area in 2007 is $266,959
- Home values are projected to appreciate most through 2012 in Lake County.
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