Chicago, Illinois - Real Estate
Located in the midwestern U.S. state of Illinois, Chicago is the third most populous city in America. The city has a polulation of 2,862,244, according to a 2004 estimate, while its greater metropolitan area is home to approximately 9,750,000 inhabitants.
With the median home costing $265,600, Chigago’s real estate market is slightly more expensive than the national average. Growth has been quite healty in recent years, with housing prices increasing 11.2% in 2005.
Like most other major cities, the Chicago metropolitan area has become an increaingly difficult place to buy real estate over the past few years. First time homeowners often have difficulty breaking into the market, but it is possible in some cases due to the steeply discounted foreclosed properties that come on the market each month.
To find foreclosures and rock-bottom real estate bargains in Chicago, Illinois and other cities across America, please click here.