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Chicago Area Housing Market in Poor Health

By Paul TooherThe current housing market in the Chicago area in general and DeKalb in particular appears troubled, according to the latest Zillow Market Health Index.To compile its ranking, Zillow looked at 10 key factors capturing home value rebounds (or continued declines), the time homes stay on the market and the financial health of homeowners.Chicagoland ranked 27th out of the 30 largest metro areas examined by Zillow.Ranked on a scale of zero to 10, San Jose, Calif., has the healthiest housing market in the country, with a value of 9.26 on the Market Health Index. With strong current and forecasted appreciation, and low levels of negative equity and foreclosures relative to other metros with even stronger appreciation, this metro

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