Some neighborhoods still not recovering in housing boom
Chicago’s housing market has been recovering steadily in recent years. The rate of foreclosure filings has gone down across the city since the housing crisis, and home prices have significantly increased compared to a year ago. But some neighborhoods aren’t recovering nearly as fast as others. WBEZ’s Susie An has the details on one reason why that may be. Spencer Cowan, Vice President of the Woodstock Institute, offers some history on why some neighborhoods are slower to rebound than others.
Photo: Flickr/Adam Jones, Ph.D. - Global Photo Archive