This reinforces my belief that the Chicago home market is strong compared to the National news we continually hear.
Chicago home prices down less than U.S. index
Nov. 25, 2008
Crain’s Chicago Business
(AP) — Chicago home prices fell less than a widely watched national index, which on Tuesday showed prices dropping across the county by the sharpest annual rate on record in the third quarter.
The Standard & Poor's/Case-Shiller U.S. National Home Price Index released Tuesday tumbled a record 16.6 percent during the quarter from the same period a year ago. Prices are at levels not seen since the first quarter of 2004.
Chicago-area prices were down 10.1 perc. in September compared with September 2007.
The monthly indices also clocked in record declines. The 20-city index fell by 17.4 percent in September compared with a year ago, the largest drop since its inception in 2000. The 10-city index plunged 18.6 percent, the biggest decline in its 21-year history.
No city in the Case-Shiller 20-city index saw annual price gains in September — for the sixth straight month.
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