Trust the Torch!

Still ‘crazy,’ but less so: Low inventory, high interest rates push local home prices to record

Theresa and Gabriel Wisland bought this house on Clover Chase Circle in late July. Looking at ranch homes, which were “few-and-far between,” Theresa Wisland said, they were unsuccessful bidders on one home before buying on Clover Chase. (Independent photo by Ken Farver)

Back in 2006, just before the real estate market crash flattened prices, the median price for a detached, single-family home in the 60098 ZIP code was $240,000. In the past […]

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