The number of people buying Chicago property is increasing. It seems most of the new buyers are looking for Chicago homes and not condos. The condo market might be a little too soft still due to the over building and number of renovated units that were put on the market over the last two years, not to mention they are the hardest hit in the foreclosure market. I think personally Chicago property is a great investment and if you have a Chicago home and can sit on it for the next 2 years you will be very happy. The biggest problem for us searching for property is getting the right financing in this economic debacle. Some of my friends were able to get loans a year ago and the ones looking now after the bailout are having and even harder time finding anyone who can provide the loan regardless of how good of a price the home is. Basically if you can buy a Chicago home you prolly should seriously consider it, owning property will soon be the commodity it use to be as rents increase and availability and ability to have home ownership decreases.

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