{"id":41365,"date":"2016-01-19T10:58:56","date_gmt":"2016-01-19T18:58:56","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=41365"},"modified":"2020-10-06T10:43:46","modified_gmt":"2020-10-06T17:43:46","slug":"the-housing-market-in-chicago-where-are-we-now","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/","title":{"rendered":"The Housing Market in Chicago: Where Are We Now?"},"content":{"rendered":"<figure id=\"media-41372\" class=\"align-none\"><img decoding=\"async\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/01\/480388989_64024e8c2a_b.jpg\" alt=\"Photo credit: urbanfeel via Visual hunt \/ CC BY-ND\" \/><figcaption>Photo credit: <a href=\"https:\/\/www.flickr.com\/photos\/30003006@N00\/480388989\/\">urbanfeel<\/a> via <a href=\"http:\/\/visualhunt.com\">Visual hunt<\/a> \/ <a href=\"http:\/\/creativecommons.org\/licenses\/by-nd\/2.0\/\">CC BY-ND<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Ten years ago, home prices across the nation were ascendant and <\/span>Chicago was no exception. For a hot second all seemed well \u2013 until the worst financial crisis since the Great Depression.<\/p>\n<p><span style=\"font-weight: 400;\">By most accounts, the housing market in Chicago has largely recovered. No, it\u2019s not perfect \u2013 price growth is slow compared other cities tracked by<\/span><a href=\"http:\/\/us.spindices.com\/indices\/real-estate\/sp-case-shiller-20-city-composite-home-price-index\"> <span style=\"font-weight: 400;\">S&amp;P\/Case-Shiller<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><a href=\"http:\/\/www.realtytrac.com\/statsandtrends\/foreclosuretrends\/il\"> <span style=\"font-weight: 400;\">foreclosure rates<\/span><\/a><span style=\"font-weight: 400;\"> for Chicagoland counties aren\u2019t great (Illinois is fifth-worst in the nation) and disparity in home prices and quality from<\/span><a href=\"https:\/\/redfin.com\/neighborhood\/30608\/IL\/Chicago\/Hyde-Park-Chicago-IL\/filter#!region_id=30608&amp;region_type=1&amp;market=chicago\"> <span style=\"font-weight: 400;\">neighborhood<\/span><\/a><span style=\"font-weight: 400;\"> to<\/span><a href=\"https:\/\/redfin.com\/neighborhood\/31870\/IL\/Chicago\/Englewood-Chicago-IL\/filter#!region_id=31870&amp;region_type=1&amp;market=chicago\"> <span style=\"font-weight: 400;\">neighborhood<\/span><\/a><span style=\"font-weight: 400;\"> is still distressing. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, there are positives: inventory is<\/span><a href=\"https:\/\/redfin.com\/blog\/2015\/12\/nov-chicago-housing-market-tracker.html\"> <span style=\"font-weight: 400;\">ticking up<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><a href=\"http:\/\/chicago.curbed.com\/tags\/construction-watch\"> <span style=\"font-weight: 400;\">builders are building<\/span><\/a><span style=\"font-weight: 400;\"> and foreign investment is at an<\/span><a href=\"http:\/\/www.chicagobusiness.com\/realestate\/20151214\/CRED02\/151219941\/foreign-investment-in-chicago-real-estate-hits-a-new-high\"> <span style=\"font-weight: 400;\">all-time high<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><span style=\"font-weight: 400;\">We\u2019ve gone from an unqualified disaster to a mixed bag. So if you bought in one of the trendy neighborhoods in and around the Loop in 2006, where would your investment be?<\/span><\/p>\n<figure id=\"media-41366\" class=\"align-none\"><\/figure>\n<figure id=\"media-41400\" class=\"align-none\"><img decoding=\"async\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/01\/ChicagoHoodsRecovery.png\" alt=\"ChicagoHoodsRecovery\" \/><\/figure>\n<p><span style=\"font-weight: 400;\">In River North and Streeterville, buyers are substantially ahead. Because housing prices didn\u2019t trough until 2011, buying in early 2006 wasn\u2019t a disaster at all. In the Gold Coast, early 2006 buyers have at least got a positive return. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Loop hasn\u2019t recovered, despite<\/span><a href=\"http:\/\/www.chicagomag.com\/video\/Chicagos-Great-Neighborhoods\/2015\/Tour-the-Loop-With-Ian-Spula\/\"> <span style=\"font-weight: 400;\">reports<\/span><\/a><span style=\"font-weight: 400;\"> of it becoming a more desirable place to live. For current buyers, the lower prices might appeal. Perhaps the neighborhood was just substantially overvalued at the beginning of 2006 and is now priced more appropriately.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And the South Loop, the center of so much building frenzy and enthusiasm during the bubble, has mostly recovered. While there\u2019s nothing inspiring in the Sloop\u2019s recovery, that hasn\u2019t stopped a<\/span><a href=\"http:\/\/chicago.curbed.com\/archives\/2015\/09\/25\/the-fuse-has-been-lit-for-the-south-loops-next-boom.php\"> <span style=\"font-weight: 400;\">second wave<\/span><\/a><span style=\"font-weight: 400;\"> of<\/span><a href=\"http:\/\/www.chicagonow.com\/getting-real\/2015\/10\/will-chicagos-south-loop-real-estate-rise-again\/\"> <span style=\"font-weight: 400;\">enthusiastic construction<\/span><\/a><span style=\"font-weight: 400;\">. Only this time, builders are focusing as much on rentals as condos \u2013 a shift from the earlier frenzy.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Has the housing market in Chicago fully recovered from the crash? <\/p>\n","protected":false},"author":13053,"featured_media":41372,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[45],"tags":[68],"coauthors":[],"class_list":["post-41365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional-trends","tag-local"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Housing Market in Chicago: Where Are We Now? - Redfin Real Estate News<\/title>\n<meta name=\"description\" content=\"Home prices in Chicago (and the nation) were ascendant ten years ago, only to be hit by the crash. Now, the housing market in Chicago has largely recovered.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Housing Market in Chicago: Where Are We Now?\" \/>\n<meta property=\"og:description\" content=\"Home prices in Chicago (and the nation) were ascendant ten years ago, only to be hit by the crash. Now, the housing market in Chicago has largely recovered.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-19T18:58:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-06T17:43:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/01\/480388989_64024e8c2a_b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Starace\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Starace\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/\"},\"author\":{\"name\":\"Alex Starace\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/2e4cf48161e5650d0f478608684eea95\"},\"headline\":\"The Housing Market in Chicago: Where Are We Now?\",\"datePublished\":\"2016-01-19T18:58:56+00:00\",\"dateModified\":\"2020-10-06T17:43:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/\"},\"wordCount\":295,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/01\\\/480388989_64024e8c2a_b.jpg\",\"keywords\":[\"Local\"],\"articleSection\":[\"Regional Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/#respond\"]}],\"copyrightYear\":\"2016\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/\",\"name\":\"The Housing Market in Chicago: Where Are We Now? - Redfin Real Estate News\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/01\\\/480388989_64024e8c2a_b.jpg\",\"datePublished\":\"2016-01-19T18:58:56+00:00\",\"dateModified\":\"2020-10-06T17:43:46+00:00\",\"description\":\"Home prices in Chicago (and the nation) were ascendant ten years ago, only to be hit by the crash. Now, the housing market in Chicago has largely recovered.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/01\\\/480388989_64024e8c2a_b.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2016\\\/01\\\/480388989_64024e8c2a_b.jpg\",\"width\":1024,\"height\":683,\"caption\":\"Photo credit: urbanfeel via Visual hunt \\\/ CC BY-ND\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/the-housing-market-in-chicago-where-are-we-now\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Housing Market in Chicago: Where Are We Now?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/2e4cf48161e5650d0f478608684eea95\",\"name\":\"Alex Starace\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Redfin-2025-Logo-B-150x150.jpgb98d1f204d143aab6d4240c534a1657e\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Redfin-2025-Logo-B-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2025\\\/06\\\/Redfin-2025-Logo-B-150x150.jpg\",\"caption\":\"Alex Starace\"},\"description\":\"Alex provides journalists with the information they need for their stories. Prior to joining Redfin, he was a freelance writer who wrote extensively on the ins and outs of condo purchasing. He also covered luxury goods, with a minor in book reviews. He lives in Chicago and is lucky enough to be able to walk to work. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \\\"Why Redfin?,\\\" page.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/alex-staraceredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Housing Market in Chicago: Where Are We Now? - Redfin Real Estate News","description":"Home prices in Chicago (and the nation) were ascendant ten years ago, only to be hit by the crash. Now, the housing market in Chicago has largely recovered.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/","og_locale":"en_US","og_type":"article","og_title":"The Housing Market in Chicago: Where Are We Now?","og_description":"Home prices in Chicago (and the nation) were ascendant ten years ago, only to be hit by the crash. Now, the housing market in Chicago has largely recovered.","og_url":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2016-01-19T18:58:56+00:00","article_modified_time":"2020-10-06T17:43:46+00:00","og_image":[{"width":1024,"height":683,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/01\/480388989_64024e8c2a_b.jpg","type":"image\/jpeg"}],"author":"Alex Starace","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Alex Starace","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/"},"author":{"name":"Alex Starace","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/2e4cf48161e5650d0f478608684eea95"},"headline":"The Housing Market in Chicago: Where Are We Now?","datePublished":"2016-01-19T18:58:56+00:00","dateModified":"2020-10-06T17:43:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/"},"wordCount":295,"commentCount":0,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/01\/480388989_64024e8c2a_b.jpg","keywords":["Local"],"articleSection":["Regional Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/#respond"]}],"copyrightYear":"2016","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/","url":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/","name":"The Housing Market in Chicago: Where Are We Now? - Redfin Real Estate News","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/01\/480388989_64024e8c2a_b.jpg","datePublished":"2016-01-19T18:58:56+00:00","dateModified":"2020-10-06T17:43:46+00:00","description":"Home prices in Chicago (and the nation) were ascendant ten years ago, only to be hit by the crash. Now, the housing market in Chicago has largely recovered.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/01\/480388989_64024e8c2a_b.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2016\/01\/480388989_64024e8c2a_b.jpg","width":1024,"height":683,"caption":"Photo credit: urbanfeel via Visual hunt \/ CC BY-ND"},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/the-housing-market-in-chicago-where-are-we-now\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"The Housing Market in Chicago: Where Are We Now?"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/2e4cf48161e5650d0f478608684eea95","name":"Alex Starace","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/06\/Redfin-2025-Logo-B-150x150.jpgb98d1f204d143aab6d4240c534a1657e","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/06\/Redfin-2025-Logo-B-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/06\/Redfin-2025-Logo-B-150x150.jpg","caption":"Alex Starace"},"description":"Alex provides journalists with the information they need for their stories. Prior to joining Redfin, he was a freelance writer who wrote extensively on the ins and outs of condo purchasing. He also covered luxury goods, with a minor in book reviews. He lives in Chicago and is lucky enough to be able to walk to work. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our \"Why Redfin?,\" page.","url":"https:\/\/www.redfin.com\/news\/author\/alex-staraceredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/41365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13053"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=41365"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/41365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/41372"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=41365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=41365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=41365"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=41365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}