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.
State of the state: Pritzker saw worst first-year jobs numbers since Blagojevich
Illinois job creation lagged the national median in nearly every sector.
Progressive income tax uncertainty likely to put brakes on Illinois’ weak housing recovery
Illinois’ housing price growth remains well below the national average because of lagging demand, caused in large part by tax policies that make people hesitant to spend.
Chicago anticipated to be nation’s weakest major housing market in 2019
A study by realtor.com ranks the Chicago region’s housing market slowest of 100 U.S. metro areas for 2019. That stat could be fixed, or made worse.
More Chicago-area homeowners drowning in mortgage debt than in any other major city
A new study shows 13 percent of Chicago-area homeowners with mortgages owed at least 25 percent more than their homes were worth.
Resolution would create special state task force on property tax appeals
House Joint Resolution 69 would create a special task force to investigate and report on state and local property tax assessment, appeals processes and other property tax policies.
Property taxes grow faster than Illinoisans’ ability to pay for them
Illinois homeowners’ property taxes are among the highest in the nation. They are consuming more and more of Illinoisans’ incomes.
Millennials could be key to Illinois’ housing recovery – but they are fleeing the state
Illinois loses more millennial taxpayers and dependents to other states than any state except New York.
Watered-down Illinois property tax ‘freeze’ fails to pass House
On June 28 the Illinois House of Representatives failed to pass Senate Bill 484, an illusory property tax freeze that did not offer real reform, left Chicago homeowners out in the cold, and would have left in place an opaque and expensive property tax system that benefits special interests over taxpayers.
Democrats’ fake property tax freeze won’t save Illinois’ underwater housing market
A four-year freeze riddled with exceptions won’t help Illinois homeowners. Illinoisans need a long-term freeze on local property tax levies and a cap on the tax burden for individual homeowners.