Study claims Rockford unlikely to recover from recession - WREX.com – Rockford’s News Leader

Study claims Rockford unlikely to recover from recession

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ROCKFORD (WREX) -

While cities across the country rebound from the recession, one study says don't expect the same from Rockford.

Rockford ranked 2nd for U.S. real estate markets unlikely to recover from the crash. The list available Here says Rockford has a high unemployment rate, and is showing negative growth. However, Rockford Area Realtors CEO Steve Bois says the report isn't credible.

"We can't confirm what they're talking about and they don't give us time frames. They're saying our market may never recover and we're saying at our current rate of price recovery we could recover in 5 years or so," said Bois.

Other cities on the list include Kankakee, Albuquerque and Steubenville.

 

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