Chicago Market Up in 2nd Qtr

The Illinois Association of Realtors announced Tuesday that home sales were up 67% in the 2nd quarter versus the 1st quarter of 2009.  The year over year numbers are still down versus 2008 however.  Also a good sign is the fact that home prices actually increased 7% as well.  When higher sales are driven by weakness in pricing you can argue that there is still uncertainty in the market, but if pricing and numbers are going up, that signifies true demand.  Source: Chicago Tribune