Pandemic home values in Illinois rose at 3rd-slowest rate nationally

By Bryce Hill

06/08/2022

Illinois’ history of poor policy decisions left homeowners behind the pandemic era housing boom. Continuing the trend leaves homeowners more susceptible to future downturns.

TAGS: COVID-19, home values, Illinois

Illinois home price growth lagged rest of nation

By Orphe Divounguy

02/10/2022

Illinois declining population was partly responsible for lower growth housing values and Illinois slower recovery.

TAGS: home values, Illinois

How much would Pritzker’s ‘fair tax’ affect your home value?

10/26/2020

The progressive income tax amendment would carry a hidden cost of $1,800 a year in lost home value for 3.2 million homeowners if Illinois sees the same impact as Connecticut.

TAGS: fair tax, home values, income tax, JB Pritzker, property tax

Illinois house value growth nation’s 2nd worst in 2019

By Orphe Divounguy, Bryce Hill

03/09/2020

States with the slowest housing appreciation tend to have worse labor markets, higher taxes and more pension debt.

TAGS: home price index, home values, homeownership, housing market, outmigration, population

Property taxes turning American dreams into Illinois nightmares

By Austin Berg

03/05/2020

Visions of the community’s future no longer bring comfort. Instead, they inspire crippling fear.

TAGS: corruption, home values, homeownership, local government consolidation, Matteson, pensions, property taxes, school district consolidation

Illinois property taxes rank No. 2 in the nation for third year running

By Brad Weisenstein

03/02/2020

Property taxes in Illinois are nearly double the national average. Until state lawmakers trim down thousands of local governments and pursue pension reform, those bills wills remain high.

TAGS: fair tax, home values, income tax, JB Pritzker, local government consolidation, pensions, property taxes, school district efficiency

Illinois home price growth slowest in nation last year

By Bryce Hill

02/03/2020

Home price appreciation in Illinois was the slowest in the U.S. between the third quarter of 2018 and the third quarter of 2019, federal data showed.

TAGS: Chicago, Chicagoland, Cook County, government spending, Great Recession, home values, homeownership, household income, housing, housing market, ILGA: Illinois General Assembly, Illinois, income tax, Indiana, investment, JB Pritzker, Lake County, mortgage, recession, spending, Springfield, tax hikes, tax increase

Indiana is building far more single-family homes than Illinois

By Austin Berg

01/03/2020

The historic change comes as skyrocketing property tax bills eat into Illinois homeowners’ bottom line.

TAGS: constitutional amendment, home values, homeownership, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, Indiana, JB Pritzker, population, property taxes, Springfield, tax burden, tax hikes, tax increase, U.S. Census Bureau, working-age

Illinois’ housing recovery still trails rest of nation

By Orphe Divounguy

10/22/2019

High property tax bills suppress Illinois housing demand, slowing average growth in home values when compared to the rest of the nation.

TAGS: home values, JB Pritzker, municipal pensions, pension guarantee, pensions, property taxes, taxes

DuPage County home values down 24%, property tax up 7% since recession

By Vincent Caruso

09/09/2019

Without true pension reform, property taxes are only bound to continue swamping DuPage County homeowners.

TAGS: DuPage County, home values, municipal pensions, pension guarantee, pensions, property taxes, taxes