Chicago Mag's Dennis Rodkin flags some important data depicting Chicagoland's status in the general nationwide housing recovery. Three data points do a good job of outlining the local situation: home prices as compared to a 30-city composite (down 0.9% year-over-year while composite numbers are up 5.2%); home construction (large single-fam new-builds are ramping up dramatically in select wealthy suburbs); and the state of Chicago's 16 Latino-majority nabes (still racked by foreclosure). Analysts with the Latino Policy Forum tell Rodkin authorities should focus more resources on these communities— "Without Latinos, there is no [full-scale] recovery." [Chicago Mag]
Filed under:
Loading comments...