Every morning, we survey scores of local and national newspapers and magazines, amateur and professional blogs and other interesting Web sites in search of stories that are relevant to Chicago home buyers. We add those stories to own news feed, thereby creating a one-stop news source for anyone interested in Chicago’s neighborhoods and new-home market.
“From near the top of the 92-story Trump International Hotel & Tower, one can look down on the city skyline and proof of a frozen real estate market that is derailing the plans of local developers, sellers and buyers.”
If they cut the prices, they will buy.
Now that the real estate bubble has burst, developers cannot expect to be able to continue to sell their condos at bubble prices, as they are still trying to do. The prices have to come down to pre-bubble levels, adjusted only for over-all inflation.