Chicago real estate in the city’s less prosperous South Side is witnessing the effects of a new wave of gentrification. The Chicago condo boom that consumed large swaths of the North Side has finally moved south, and local residents are being left to fend for themselves in the wake of unprecedented numbers of condo conversions.
The […]
Archive for October, 2005
South-side Chicago real estate market feels pressures of gentrification
Published by October 22nd, 2005 in Uncategorized.Chicago real estate has posted better returns over the past five years than has the S&P 500 stock index. An editorial in yesterday’s Fort Wayne News-Sentinel reported that:
Viewed through the prism of the last five years, investors could make the case that housing is the better investment. Stocks, as measured by the Standard & Poor’s […]
Chicago real estate agents tend to keep their homes on the market longer – and make more money when they finally do decide to sell. This is just one of the intriguing findings from University of Chicago economics professor Steven D. Levitt’s book Freakonomics. An article published in the Sun-Sentinel yesterday discussed Levitt’s insights […]