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.
Illinois home building lags virtually every other state during past decade
New census data shows Illinois ranked 48th in the U.S. for new single-family home permits during the past decade.
Illinois is home to most seriously delinquent mortgages in Midwest
Data reveals 5.7% of Illinois homeowners are at least 90 days behind on their payments.
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 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.
When taxes hit home(s)
Making Illinois a more attractive state in which to plant roots is entirely within lawmakers’ control.