"Hot and Not: Housing Market Trends in Illinois, Phoenix, and Austin-Round Rock"
TL;DR Summary
A recent study by SmartAsset analyzed 400 U.S. metropolitan areas and measured the growth of home value since 1998. While home values on average grew 154% from the start of 1998 through the end of 2022, price growth was significantly stunted in the country's bottom 15 metropolitan areas, six of which are in Illinois. Five of the bottom six cities are in Illinois, with Montgomery, Alabama seeing the smallest amount of growth in home value at just 59.6%.
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