Fox 32's Week in Review - Feb. 25
Here are FOX 32's top stories from this week.
Baby boomers to blame for housing shortage, real estate report says
A new Redfin report shows that older Americans are hanging onto their homes longer, making it difficult for homebuyers to find and afford houses.
Proposal in Springfield seeks to stop evictions spurred by police calls
Months after a mom of three young kids spoke out about how she was pushed out of her Richton Park home after her family’s calls to police, housing advocates are pushing a measure in Springfield to ban the use of so-called crime-free ordinances.
US home prices hit a new record high in November
US home prices rise again in November as inventory shortage persists
Housing is expensive for a record half of American renters, study shows
A new Harvard analysis reveals soaring housing costs put a financial strain on millions of renters, with prices spiking during the pandemic.
About 24% of renters in America say they can no longer afford their rent, study says
While buying a home is an issue for some, covering the cost of rent every month is becoming a growing burden for many, based on findings from Intuit Credit Karma.
Housing affordability plummeted to lowest level on record in 2023
Just a fraction of homes for sale in 2023 were affordable for the typical American
New affordable housing opens on Chicago's NW Side
Mayor Brandon Johnson on Wednesday celebrated the opening of the Maria Elena Housing Development in Albany Park.
Housing development by Bloomingdale Trail aims to counter rising costs in Logan Square
As the cost of housing rises faster in Logan Square than much of Chicago, construction has begun on a new affordable housing development aimed at keeping longtime residents in place.
Homeownership is the new hot wedding gift
Newlyweds are asking for cash to help with buying their first house in lieu of more traditional wedding presents.
