More People Staying in Chicago…But for the Wrong Reasons

October 26, 2009

Daily Real Estate Updates

sudler-sothebys-logo26 October 2009 ? With the good news last week with the number of homes sold in September up the Chicago Tribune is reporting that more people are staying in Chicago as well as returning. The mass exodus to the suburbs and warmer climates has been greatly reduced as a result of the recession and the current real estate market. Besides the housing market, jobs have been key in retaining and recruiting residents to the city. “It’s good, but only because something terrible happened,” noted William Testa, regional economist at the Federal Reserve Bank of Chicago.

According to a recent Harris Poll, Chicago residents are the most stressed out in the United States as a result of the lack of balance in their lives. This can also be effected by which side of the city you live in. A map study finds South Siders to be agreeable, North Siders neurotic.

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About Andrea Geller

Andrea Geller, Realtor® with Sudler Sotheby?s International Realty, specializes in residential real estate sales and marketing of resale properties and new construction homes. Acknowledged as an expert in the real estate industry, Andrea has been interviewed for industry related articles for print and online media including the Chicago Tribune, Crain's Chicago Business, Reuters, Bankrate.com, and Illinois Realtor Magazine. Andrea's commitment extends to the community as an active member of several professional associations. Her appointments include the Board of Directors of the Chicago, Illinois, and National Association of Realtors® and the Lakeview Chamber of Commerce. She markets herself under HOT PROPERTY®, an innovation in the real estate industry led by Chaz Walters that has been marketed since the 1990s. This unique real estate concept is always a step ahead of the industry providing marketing from cutting edge interactive exposure to targeted innovative advertising opportunities. Visit her at www.hotpropertychicago.com or 773.868.3090.

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