Illinois’ history of poor policy decisions left homeowners behind the pandemic era housing boom. Continuing the trend leaves homeowners more susceptible to future downturns.
Illinois home price growth lagged rest of nation
Illinois declining population was partly responsible for lower growth housing values and Illinois slower recovery.
How much would Pritzker’s ‘fair tax’ affect your home value?
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.
Illinois house value growth nation’s 2nd worst in 2019
States with the slowest housing appreciation tend to have worse labor markets, higher taxes and more pension debt.
Property taxes turning American dreams into Illinois nightmares
Visions of the community’s future no longer bring comfort. Instead, they inspire crippling fear.
Illinois property taxes rank No. 2 in the nation for third year running
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.
Illinois home price growth slowest in nation last year
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.
Indiana is building far more single-family homes than Illinois
The historic change comes as skyrocketing property tax bills eat into Illinois homeowners’ bottom line.
Illinois’ housing recovery still trails rest of nation
High property tax bills suppress Illinois housing demand, slowing average growth in home values when compared to the rest of the nation.
DuPage County home values down 24%, property tax up 7% since recession
Without true pension reform, property taxes are only bound to continue swamping DuPage County homeowners.