Morning Minute: Luxury home sales on the rise in Chicago

The Wall Street Journal reports this morning on a new analysis from Coldwell Banker that finds luxury home sales in the Windy City — particularly those selling for more than $5 million — are seeing an uptick in activity. Though the market is hindered by lower inventory in some premium neighborhoods, sales have been improving, according to the report.

“We had such a rough 2009, and all of a sudden, it feels like we’re back,” Coldwell Banker REALTOR® Craig Hogan said.

In other news:

Apartment vacancy rate falls to lowest level since 2001Chicago Tribune

Decatur-area home sales on upswing: programs help first-time buyersBusiness Journal of Midcentral Illinois

Tinley Park, Orland Park homes standing strong despite housing crisisChicago Tribune

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