Editor’s note: There is a lot of information coming at you every day, but not a lot of context. The Illinois Policy Institute is launching "Our Perspective" to give you our take on topics of the day so you can better shape your take on them.
Illinois homeowners are most likely in the nation to be in foreclosure. The looming $2,100 property tax hike from Amendment 1 would make housing even more unaffordable.
Illinois saw new residential building permits in 2021 issued at one of the slowest rates in the nation. The rest of the U.S. saw real estate booming.
States with the slowest housing appreciation tend to have worse labor markets, higher taxes and more pension debt.
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.
Illinois job creation lagged the national median in nearly every sector.
Faced with the impossible task of balancing Chicago’s budget without pension reform, Mayor Lori Lightfoot is forced to partially rely on phantom cuts and revenues.