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Chicago Housing Market to Rebound Sometime Between 2014 and 2019

By Kevin Robinson in News on Mar 16, 2010 8:40PM

We already talked about the bad news of area foreclosures increasing. But when will housing prices turn around? Moody's Economy has put together a forecast on when prices in the U.S. housing market will recover. According to a report published on The Real Deal, a website with a focus on the New York and Florida real estate markets, the Chicagoland Metropolitan Area should see prices recover sometime between 2014 and 2019 - not the most reassuring report for home owners that are feeling pinched right now, but substantially better for those of us that live in the Midwest. Florida and the Southwest can expect to see prices begin to recover sometime around 2030. The overall national recovery should start to happen sometime around 2020.