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Some Chicago neighborhoods, suburbs lag in housing recovery, study says

Home values in hot areas of Chicago’s North Side have fully recovered from the housing crash, but homeowners in other city neighborhoods and Cook County’s suburbs continue to hold homes with values far below their pre-housing crash peaks, according to data scheduled to be released Thursday by the Institute for Housing Studies at DePaul University.

Despite climbing 26 percent since the housing market’s low point, the overall median value of homes in 33 city and suburban Chicago markets at the end of 2015 remained 24 percent below the peak, according to Geoff Smith, the institute’s executive director…Please click here to read Gail MarksJarvis’ story in the Tribune.

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