Community Corner
Home Prices Drop in Huntley
Economists told Chicago Magazine now is the time to buy. Take a look at median home sales for homes in the area and find out when prices will start to go up.
Economists are now on board with what real-estate agents have been saying for years— when it comes to buying a home, now is a great time to buy, according to an article in Chicago Magazine.
Zillow Chief Economist Stan Humphries told Chicago Magazine the Chicago housing market his hit "rock bottom" and is not expected to rebound too quickly. The summer is exported to be an opportune time to buy when more houses typically go on the market, according to the article.
From there, home prices are expected to increase by .8 percent by the end of the second quarter of 2013 and by five percent by the end of the second quarter in 2014, according to the article.
Find out what's happening in Huntleywith free, real-time updates from Patch.
For those looking to downsize, Chicago Magzine highlighted nearby Woodstock asone of the best suburbs to look for a home. The Chicago Magazine article also includes housing data from 2012 and how that has changed in recent years:
Village Median Sales Price in 2012 Percent Change Since 2006 Percent Change Since 2011 Algonquin $215,000 -35.2 0 Lake in the Hills $167,000 -36.8 -7 Crystal Lake 169,000 -37.4 -6.1 Cary $180,000 -38.2 -7.7 Huntley $207,000 -27.4 -1.2Find out what's happening in Huntleywith free, real-time updates from Patch.
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