sudler-sothebys-logo25 June 2009 ? Home sales in Chicago fell 18.7% during the month of May as compared to the same time last year. This number is spread over a nine county area. The month of May was the smallest decline in a month-over-month comparison this year. The City of Chicago saw a 27.5% drop in home sales. This number takes into account foreclosures as well as short sales. Part of the reason for this decline could be contributed to the critical need for governmental agencies to review the growing disparity in the ability to finance a condominium or purchase in the city. This affordable housing will become unaffordable and unattainable to many qualified first-time home buyers in the city of Chicago unless existing federal guidelines, which do not take into account nuances of the local market, are modified. Condominiums make up the majority of affordable housing within the City of Chicago.

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About Katie Anderson

Katie Anderson is a respected and successful broker at Sudler Sotheby's Realty as well as a certified appraiser. She specializes in representing clients who purchase and sell condominiums, town homes, single-family homes and income property in the Chicago land area. In her small amount time in the real estate game (she became an agent in 2003) she has assisted in excess of 400 deals and over $200 million in sales and continues to use her skills as a certified appraiser. Katie resides in Chicago's Bucktown neighborhood with her loving husband and 4-year-old-daughter, where she spends much of her spare time with her family and friends. You can contact her at katie@thechicago77.com or at andersonbraack.com

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