Home buyers need to make $47,000 more than in 2020 to afford a home

Home buyers need to make $47,000 more than in 2020 to afford a home

A new report from Zillow finds that some people are relying on financial gifts to help cover the cost of a down payment for a home or moving to low-cost cities to find affordable housing.

A new report from Zillow finds that some people are relying on financial gifts to help cover the cost of a down payment for a home or moving to low-cost cities to find affordable housing.

Rent prices are changing thanks to 'apartment-building boom' – what renters should expect

Rent prices are changing thanks to 'apartment-building boom' – what renters should expect

Rent prices are evolving – potentially for the better – in 2024 thanks to an “apartment-building boom," according to Redfin chief economist Daryl Fairweather. Here’s what renters should know.

Rent prices are evolving – potentially for the better – in 2024 thanks to an “apartment-building boom," according to Redfin chief economist Daryl Fairweather. Here’s what renters should know.

Gary homes demolished to make way for redevelopment
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Gary homes demolished to make way for redevelopment

Revitalization in Gary, Indiana is underway. Today, construction crews broke ground on a new neighborhood stabilization effort. Volunteer construction crews are demolishing abandoned homes to make way for the future of Gary.

Revitalization in Gary, Indiana is underway. Today, construction crews broke ground on a new neighborhood stabilization effort. Volunteer construction crews are demolishing abandoned homes to make way for the future of Gary.

Baby boomers to blame for housing shortage, real estate report says

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.

A new Redfin report shows that older Americans are hanging onto their homes longer, making it difficult for homebuyers to find and afford houses.

Half of all U.S. renters are spending more than they can afford
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Half of all U.S. renters are spending more than they can afford

Half of all renters in the United States are spending more than they can afford. A new Harvard study calls them "cost-burdened," meaning they spend 30-percent or more of their income on rent and utilities.

Half of all renters in the United States are spending more than they can afford. A new Harvard study calls them "cost-burdened," meaning they spend 30-percent or more of their income on rent and utilities.

Proposal in Springfield seeks to stop evictions spurred by police calls

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.

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.

Housing is expensive for a record half of American renters, study shows

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.

A new Harvard analysis reveals soaring housing costs put a financial strain on millions of renters, with prices spiking during the pandemic.

Cities converting old motels into apartment buildings amid housing shortage
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Cities converting old motels into apartment buildings amid housing shortage

People are having a hard time finding housing across the country. So, cities are renovating old buildings for more housing. Chelsea Torres is in Charlotte where an old motel will soon be an apartment building.

People are having a hard time finding housing across the country. So, cities are renovating old buildings for more housing. Chelsea Torres is in Charlotte where an old motel will soon be an apartment building.

About 24% of renters in America say they can no longer afford their rent, study says

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.

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.

New affordable housing opens on Chicago's NW Side

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.

Mayor Brandon Johnson on Wednesday celebrated the opening of the Maria Elena Housing Development in Albany Park.

New affordable housing opens on Chicago's NW Side
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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.

Mayor Brandon Johnson on Wednesday celebrated the opening of the Maria Elena Housing Development in Albany Park.

Cook County property tax bills available online
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Cook County property tax bills available online

Cook County property owners no longer have to wait to find out how much they'll have to pay for their upcoming tax bills.

Cook County property owners no longer have to wait to find out how much they'll have to pay for their upcoming tax bills.