Crain's Chicago Business: Chicago-area home prices hit 11-year low March 27,2012

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

"Falling prices are not so much a reflection of market health, but rather the result of banks disposing of distressed assets by offering low prices to cash buyers," Gary Painter, an economist at the University of Southern California's Lusk Center for Real Estate, said in a statement.

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