First-year Illinois housing costs up more than $12,717 since 2019

By Bryce Hill

08/14/2022

Rising prices and mortgage rates are making housing unaffordable for a growing number of Illinoisans. A property tax increase on the Nov. 8 ballot could make it worse.

TAGS: homeownership, property taxes

Illinois home building lags virtually every other state during past decade

By Bryce Hill

07/18/2021

New census data shows Illinois ranked 48th in the U.S. for new single-family home permits during the past decade.

TAGS: construction, homeownership, Illinois, real estate

Illinois is home to most seriously delinquent mortgages in Midwest

By Orphe Divounguy, Bryce Hill

05/14/2021

Data reveals 5.7% of Illinois homeowners are at least 90 days behind on their payments.

TAGS: COVID-19, homeownership, Illinois, mortgage, real estate

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 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

When taxes hit home(s)

By Austin Berg

09/20/2018

Making Illinois a more attractive state in which to plant roots is entirely within lawmakers’ control.

TAGS: homeownership, income tax, progressive income tax, property taxes, taxes