University of Illinois’ Regional Economics Applications Laboratory

State News
1:06 pm
Mon July 22, 2013

Illinois home sales up

Sales of existing homes in Illinois were up 14-point-9 percent in June from previous year levels, and median home prices increased 9-point-7 percent according to the Illinois Association of Realtors. Geoffrey Hewings with the University of Illinois’ Regional Economics Applications Laboratory says he’s not ready to call the increases a trend, but he says it’s certainly an improvement from the lower home sales and prices that came with the collapse of the housing bubble.

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