US home sales hit 9-month low as rising mortgages, Iran conflict weigh on buyers
U.S. existing home sales fell 3.6% in March to a nine-month low of 3.98 million units, pressured by tight inventory, higher mortgage rates, and labor market concerns.
U.S. existing home sales fell 3.6% in March to a nine-month low of 3.98 million units, pressured by tight inventory, higher mortgage rates, and labor market concerns.
When it comes to rent, these are the cities most affordable for residents - See the list
Rising rents are outpacing wages across the U.S., with prices increasing more than 50% over the past decade, according to Federal Reserve data.
Rising rents are outpacing wages across the U.S., with prices increasing more than 50% over the past decade, according to Federal Reserve data.
Home sales slow amid rising mortgage rates, limited supply | ChicagoLIVE
Sales of existing homes fell in March, as higher mortgage rates and limited inventory continue to pressure buyers and dampen demand.
Sales of existing homes fell in March, as higher mortgage rates and limited inventory continue to pressure buyers and dampen demand.
Slowing job growth weighs on housing market, but Chicago remains resilient | Chicago LIVE
Orphe Divounguy from Zillow explains how weaker hiring, rising inflation and low inventory are shaping a sluggish but steady housing market.
Orphe Divounguy from Zillow explains how weaker hiring, rising inflation and low inventory are shaping a sluggish but steady housing market.
Homebuyers are back despite rising rates — What to know
Homebuying rebounded in March as strong demand fueled a spring surge, despite rising mortgage rates, according to Zillow.
Homebuying rebounded in March as strong demand fueled a spring surge, despite rising mortgage rates, according to Zillow.
Chicago to invest $300M in affordable housing
Chicago officials announced a more than $300 million investment in affordable housing developments that will create or maintain more than 1,200 units across the city.
Chicago officials announced a more than $300 million investment in affordable housing developments that will create or maintain more than 1,200 units across the city.
Chicago to invest $300M in affordable housing, adding more than 1,200 units
Chicago officials announced a more than $300 million investment in affordable housing developments that will create or maintain more than 1,200 units across the city.
Chicago officials announced a more than $300 million investment in affordable housing developments that will create or maintain more than 1,200 units across the city.
Here’s where rents are falling the most as US prices hit a four-year low
U.S. renters are seeing modest relief as asking rents continue to decline, with February marking the 30th straight month of year-over-year drops.
U.S. renters are seeing modest relief as asking rents continue to decline, with February marking the 30th straight month of year-over-year drops.
Illinois lawmakers want to end seizure of homes over delinquent property taxes
In 2023, the U.S. Supreme Court ruled that seizing homes over delinquent property taxes in cases where the debt owed is lower than the equity in the home is illegal. Yet, Illinois remains the only state in the country to continue the practice. Illinois lawmakers announced plans to end the practice.
In 2023, the U.S. Supreme Court ruled that seizing homes over delinquent property taxes in cases where the debt owed is lower than the equity in the home is illegal. Yet, Illinois remains the only state in the country to continue the practice. Illinois lawmakers announced plans to end the practice.
Mortgage rates fall to lowest level since 2022
Mortgage rates fell this week to their lowest level since September 2022, with the average 30-year fixed rate dropping to 6.01% from 6.09% last week, according to Freddie Mac.
Mortgage rates fell this week to their lowest level since September 2022, with the average 30-year fixed rate dropping to 6.01% from 6.09% last week, according to Freddie Mac.
Zillow: US rent growth slows as affordability improves
U.S. rent growth continued to cool in January, slowing to its weakest pace in more than four years as supply increases and vacancies remain elevated, according to Zillow.
U.S. rent growth continued to cool in January, slowing to its weakest pace in more than four years as supply increases and vacancies remain elevated, according to Zillow.
Chicago mother claims unsafe conditions in apartment are harming her children's health
A mother of four living in a subsidized housing apartment on the 4800 block of North Avers says unsafe conditions inside her unit are putting her children’s health at risk — and despite months of repair requests, she says little has changed.
A mother of four living in a subsidized housing apartment on the 4800 block of North Avers says unsafe conditions inside her unit are putting her children’s health at risk — and despite months of repair requests, she says little has changed.
Chicago mother claims unsafe conditions in apartment are harming her children's health
A mother of four living in a subsidized housing apartment on the 4800 block of North Avers says unsafe conditions inside her unit are putting her children’s health at risk — and despite months of repair requests, she says little has changed.
A mother of four living in a subsidized housing apartment on the 4800 block of North Avers says unsafe conditions inside her unit are putting her children’s health at risk — and despite months of repair requests, she says little has changed.
White House teases housing affordability plan
As interest rates stay high, the White House weighs ideas like 50-year and portable mortgages, raising questions about whether fixes for housing affordability could bring unintended consequences.
As interest rates stay high, the White House weighs ideas like 50-year and portable mortgages, raising questions about whether fixes for housing affordability could bring unintended consequences.
Broken elevator makes disabled Chicago area woman 'feel like a prisoner'
A disabled suburban woman said she feels trapped in her own home after the elevator in her apartment building went down three months ago.
A disabled suburban woman said she feels trapped in her own home after the elevator in her apartment building went down three months ago.
How Cook County homeowners can appeal their property taxes | ChicagoLIVE
Many homeowners across Cook County got major sticker shock when they opened their property tax bills this year. But there is a process to appeal their home's assessment.
Many homeowners across Cook County got major sticker shock when they opened their property tax bills this year. But there is a process to appeal their home's assessment.
Chicago residents say apartment conditions are making them sick, demand repairs
Residents of Harrison Court Apartments spoke up about living conditions that they say are sending them to the hospital.
Residents of Harrison Court Apartments spoke up about living conditions that they say are sending them to the hospital.
Homeowners insurance costs could spike over next 2 years
Homeowners could see insurance premiums jump another 16% over the next two years due to an uptick in natural disasters and rebuilding costs.
Homeowners could see insurance premiums jump another 16% over the next two years due to an uptick in natural disasters and rebuilding costs.
Why Chicagoans' property tax bills skyrocketed this year | The Chicago Report
Cook County Assessor Fritz Kaegi explains why so many Chicago homeowners' property tax bills went way up this year.
Cook County Assessor Fritz Kaegi explains why so many Chicago homeowners' property tax bills went way up this year.
Could portable and 50-year mortgages help Americans afford homes again? Expert weighs in
Jenna Stauffer, a real estate broker and market analyst, explains how portable and 50-year mortgages might ease today’s housing costs and whether they could reshape — or overheat — the market.
Jenna Stauffer, a real estate broker and market analyst, explains how portable and 50-year mortgages might ease today’s housing costs and whether they could reshape — or overheat — the market.