Chicago fell into a deep freeze this quarter, says market expert Beki Darin.

Prospects have been slim and very few potential buyers have been viewing listings.

But Darin is not hopeless about the situation.

Recent nice weather has brought out a spate of new buyers, she says, and for those with good credit and enough for a down payment, Chicago is theirs for the taking.

The sad part of this story is the growing division between the haves and the have nots.

Foreclosures are seeping into every neighborhood, Darin reports, and these homes are bringing down the value of those around them.

And until this situation stabilizes, she predicts prices will stay in their downward trend.

The good news for buyers is: We'll be in a strong buyers market through 2008.

And Darin says that despite some of the bad housing news in other parts of the country, Chicago is actually a very stable market.

For more information on this area, contact Beki Darin at:
www.bekitherealtor.com

Published: March 26, 2008

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