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This Week in Real Estate: Data Galore, Visas, and Splurge

by Chicago Agent

A quick rundown of stats from our real estate news for the week of Oct. 24 – Oct. 28, by the numbers (with a Halloween tinge):

1.4 – the percentage that Chicago home prices increased, based on the newest Case-Shiller report; Chicago was one of only 10 cities to post monthly price gains, and the 1.4 percent was tied with Detroit for the second highest gain in the U.S.

22 – the percentage that renting expenditures have increased since 1985, compared with just 10 percent for households; suddenly, owning a home is cheaper than renting.

359 – the average number of days that it took to foreclose properties in Chicago, an increase of 25.5 percent from 2010.

5.7 – the percentage that single-family home sales increased in September, according to the U.S. Census Bureau. Though the data represented the first gains in months, it was due more to builders slashing prices than rising consumer demand.

500,000 – the amount of money that foreigners would have to invest in housing to get a VISA, if new legislation from the Senate is to be believed.

4.6 – the percentage that the pending home sales index declined in September, though it remains 6.4 percent above 2010.

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