Brighter Future for Downtown Chicago Condos (From Rented Spaces) <meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /> <meta name="generator" content="WordPress 2.6" />  <link rel="stylesheet" href="http://mynewwesthome.com/blog/wp-content/themes/lust/style.css" type="text/css" media="screen" /> <link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="http://mynewwesthome.com/blog/feed/" /> <link rel="alternate" type="text/xml" title="RSS .92" href="http://mynewwesthome.com/blog/feed/rss/" /> <link rel="alternate" type="application/atom+xml" title="Atom 0.3" href="http://mynewwesthome.com/blog/feed/atom/" /> <link rel="pingback" href="http://mynewwesthome.com/blog/xmlrpc.php" /> <link rel='archives' title='December 2009' href='http://mynewwesthome.com/blog/2009/12/' /> <link rel='archives' title='November 2009' href='http://mynewwesthome.com/blog/2009/11/' /> <link rel='archives' title='October 2009' href='http://mynewwesthome.com/blog/2009/10/' /> <link rel='archives' title='September 2009' href='http://mynewwesthome.com/blog/2009/09/' /> <link rel='archives' title='August 2009' href='http://mynewwesthome.com/blog/2009/08/' /> <link rel='archives' title='July 2009' href='http://mynewwesthome.com/blog/2009/07/' /> <link rel='archives' title='June 2009' href='http://mynewwesthome.com/blog/2009/06/' /> <link rel='archives' title='May 2009' href='http://mynewwesthome.com/blog/2009/05/' /> <link rel='archives' title='April 2009' href='http://mynewwesthome.com/blog/2009/04/' /> <link rel='archives' title='March 2009' href='http://mynewwesthome.com/blog/2009/03/' /> <link rel='archives' title='February 2009' href='http://mynewwesthome.com/blog/2009/02/' /> <link rel='archives' title='January 2009' href='http://mynewwesthome.com/blog/2009/01/' /> <link rel='archives' title='December 2008' href='http://mynewwesthome.com/blog/2008/12/' /> <link rel='archives' title='November 2008' href='http://mynewwesthome.com/blog/2008/11/' /> <link rel='archives' title='October 2008' href='http://mynewwesthome.com/blog/2008/10/' /> <link rel='archives' title='September 2008' href='http://mynewwesthome.com/blog/2008/09/' /> <link rel='archives' title='August 2008' href='http://mynewwesthome.com/blog/2008/08/' /> <link rel='archives' title='July 2008' href='http://mynewwesthome.com/blog/2008/07/' /> <link rel="EditURI" type="application/rsd+xml" title="RSD" href="http://mynewwesthome.com/blog/xmlrpc.php?rsd" /> <link rel="wlwmanifest" type="application/wlwmanifest+xml" href="http://mynewwesthome.com/blog/wp-includes/wlwmanifest.xml" /> <meta name="generator" content="WordPress 2.6" /> <link rel="stylesheet" type="text/css" media="screen" href="http://mynewwesthome.com/blog/wp-content/plugins/sociable/sociable.css" /> </head> <body class="wpd-lust"> <div id="header"><div class="wrap_center"> <h1><a href="http://mynewwesthome.com/blog/" title="ChicagoWord home page">ChicagoWord</a></h1> </div></div> <div class="clear"></div> <div id="menu"> <ul> <li class="page_item"><a href="http://mynewwesthome.com/blog" title="Home">Home</a></li> <li class="page_item page-item-21"><a href="http://mynewwesthome.com/blog/about-new-west-realty/" title="About New West Realty">About New West Realty</a></li> <li class="rss"><a href="http://mynewwesthome.com/blog/feed/" title="Subscribe to Feed">Subscribe to Feed</a></li> </ul> </div> <div class="clear"></div> <div id="page"><div class="wrap_center"><div class="wrap_float"> <div class="maincolumn"> <div class="banner"> </div> <div class="clear"></div> <div class="post" id="post-824"><div class="wrapper"> <div class="postmeta"> <ul> <li>Posted on: December 2nd, 2009</li> <li>By: Luke</li> <li>Under: <a href="http://mynewwesthome.com/blog/category/chicago/" title="View all posts in Chicago" rel="category tag">Chicago</a>, <a href="http://mynewwesthome.com/blog/category/good-to-know/" title="View all posts in Good to Know" rel="category tag">Good to Know</a>, <a href="http://mynewwesthome.com/blog/category/news-annoucements/" title="View all posts in News & Annoucements" rel="category tag">News & Annoucements</a>, <a href="http://mynewwesthome.com/blog/category/things-to-think-about/" title="View all posts in Things to Think About" rel="category tag">Things to Think About</a></li> </ul> </div> <h2><a href="http://mynewwesthome.com/blog/2009/12/02/brighter-future-for-downtown-chicago-condos-from-rented-spaces/" title="Brighter Future for Downtown Chicago Condos (From Rented Spaces)">Brighter Future for Downtown Chicago Condos (From Rented Spaces)</a></h2> <div class="entry"> <p>If you’re looking for a condo in the Windy City, you’ll be paying (on average) 9% less than you would have paid in 2007, according to Rented Spaces. This fantastic time to buy won’t last much longer, as construction of new condos will slow dramatically in 2010 and 2011 as the ones built between 2006 and 2009 are sold. </p> <p>From <em>Rented Spaces</em>: </p> <blockquote><p>“The number of condos for sale should keep dropping. Developers finished more than 4,000 condos a year from 2006 to 2009. But only 900 new condos are under construction for 2010 and only 86 condos are in the works for 2011.”</p></blockquote> <p><strong><a href="http://www.rentedspaces.com/2009/12/01/brighter-future-for-downtown-chicago-condos/" onclick="javascript:pageTracker._trackPageview('/outbound/article/www.rentedspaces.com');">Click here</a></strong> for the entire <em>Rented Spaces</em> article.</p> <p>Much like Chicago’s location in the Midwest, condo values in the Windy City fall somewhere in the middle. “Condos are much stronger here than in boom and bust towns like Miami or Las Vegas, and they are weaker than in markets where condos are relatively hard to built, like Boston or New York City.”</p> <p>With this news combined with the expansion and extension of the housing tax credit, the optimal time to buy is here! New West Realty has beautiful condos and townhomes located throughout Chicago, and our properties are minutes away from everything the city has to offer. <strong><a href="http://mynewwesthome.com" >Click here</a></strong> for more information on New West Realty and to schedule an appointment with us today!</p> <div class="sociable"> <div class="sociable_tagline"> <strong>Share and Enjoy:</strong> </div> <ul> <li><a rel="nofollow" href="mailto:?subject=Brighter%20Future%20for%20Downtown%20Chicago%20Condos%20%28From%20Rented%20Spaces%29&body=http%3A%2F%2Fmynewwesthome.com%2Fblog%2F2009%2F12%2F02%2Fbrighter-future-for-downtown-chicago-condos-from-rented-spaces%2F" title="E-mail this story to a friend!"><img src="http://mynewwesthome.com/blog/wp-content/plugins/sociable/images/email_link.png" title="E-mail this story to a friend!" alt="E-mail this story to a friend!" class="sociable-hovers" /></a></li> <li><a rel="nofollow" href="javascript:window.print();" title="Print this article!"><img 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