(Source: Medill by Angie Chung) – Springtime is usually boom time for those looking to buy or sell a home. But in 2011, three years into the worst housing bust since the Great Depression, both buyers and sellers are sitting on their hands. Take Nikkie Hartmann, whose Albany Park condo is now worth $80,000, 44 percent less than the $143,000 she paid for it in 2006. She carries a mortgage for 100 percent of the purchase price.
Source: Medill by Angie Chung
June 01, 2011
To read more, click on this link