Editorial: Red-hot Rockford celebrates its upswing even as its rise flashes a national warning [Yahoo! Finance]
Stellantis N.V. Common Shares (STLA)
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Source: Yahoo! Finance
Eat your heart out, Winnetka: Rockford has posted a 52% gain in home prices year-over-year and, as of last week, buyers were still shopping aggressively for the limited inventory of homes on the market. Yes, we're talking about Rockford, 90 miles northwest of Chicago, the same city that has endured hard times for longer than most Americans have been alive. First, the Rust Belt bust of the early 1980s hammered its manufacturing base. Then came the housing bust of 2008-09, which turned the city into ground zero for underwater mortgages. Unemployment, crime, drug abuse and a lack of opportunity for the young made it a perennial underperformer even by the slow-growth standards of Illinois. Today, Rockford is putting those rough days behind it, and local real estate agents such as Peter Dunn say it's about time. “Our price increase is long overdue,” Dunn said on April 28, at the open house he was staging for a lovely, five-bedroom home at the end of a wooded cul-de-sac. “You get a g
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