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Yearly Home Appreciation Isn't That Bleak
May 9, 2008

RE/MAX Elite
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34 S. Vine
Hinsdale, IL 60521
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The Forecast isn't as bleak as the Media would have you believe.

Yearly Home Appreciation in Suburban Chicago 1997-2008

1997 - 4%

1998 - 6%

1999 - 6%

2000 - 7%

2001 - 3%

2002 - 7%

2003 - 9%

2004 - 4%

2005 - 9%

2006 - (-5%)

2007 - (-5%)

2008 - (-5%)

Average increase = 3%

The average increase in home values has remained consistent with the inflation ratio average of 3% per year.

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