Chicago area sees new-home sales climb in 2013

Sales of newly constructed homes in the Chicago area rose 27 percent in 2013, but have not yet reached the peak pre-recession activity levels seen in 2005, Crain’s Chicago Business reports. Tracy Cross, president of Tracy Cross & Associates, Inc. in Schaumburg told Crain’s she expects new-home sales to increase by another 20 percent in 2014.

In other headlines:

Wells Fargo Lowers Credit Scores for FHA Loans – National Mortgage News

Builders with ‘Green Experience’ Fared Better During Recession – Mortgage News Daily

This entry was posted in Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

Leave a Reply

Your email address will not be published. Required fields are marked *