August 2010 
There are 1 blog entries for August 2010.
When The Mighty Fall - Signs of a Down Market in Chicago
Wednesday, August 18th, 2010 at 11:42am. 739 Views, 0 Comments.
It comes as no surprise that for the past year and a half, the Chicago real estate market is having a minor case of some very bluesy ‘heebie jeebies’. Players in the housing market are concentrating more on taking down the prices of homes for sale and have very little to look forward to in terms of new condominium developments or constructions. To come to terms with the sliding market, even developers that had projects under construction, shifted to rental models.
Chew on this. Bill Wrigley Jr. had put his Gold Coast penthouse on the market for one of the highest prices Chicago had witnessed – a whopping $14 million. After several months of waiting, Wrigley realized that he had bitten off a little more…
