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Illinois Policy
illinoispolicy. org > illinois-home-prices-jump-as-inventory-plunges

Illinois home prices jump as inventory plunges

2+ week, 5+ day ago  (583+ words) The state's housing inventory is at just 31% of pre-pandemic levels, driving up prices. Restrictive zoning and the nation's highest property taxes must be addressed. Buying a home in Illinois has become dramatically more expensive since before the pandemic. Whether you're…...

Illinois Policy
illinoispolicy. org > pritzker-proposes-at-least-250-million-for-affordable-housing

Pritzker proposes at least $250 million for affordable housing

1+ mon, 1+ week ago  (376+ words) The money would be spread across several programs meant to create more units. Gov. J. B. Pritzker wants to spend at least $250 million to target the state's housing affordability crisis, and the money would not attack the root problem " low supply. Pritzker's…...

Illinois Policy
illinoispolicy. org > housing-shortage-drives-up-illinois-prices-49

Housing shortage drives up Illinois prices 49%

1+ mon, 1+ week ago  (503+ words) The state's home prices are up 49% since 2019, while available housing lags the rest of the nation. Illinois homebuyers face a tough reality: Rising prices are pushing once-affordable communities out of reach for many households. The average Illinois home price is…...

Illinois Policy
illinoispolicy. org > quincy-exploring-housing-reforms-to-add-supply

Quincy exploring housing reforms to add supply

2+ mon, 1+ week ago  (380+ words) Quincy, Illinois, may reduce parking minimums, allow duplexes and update zoning rules to reduce the housing shortage and improve affordability. The city of Quincy is considering valuable housing reforms to increase supply and lower costs. The number of homes for…...

Illinois Policy
illinoispolicy. org > fewer-homes-on-market-higher-prices-for-illinois-buyers

Fewer homes on market, higher prices for Illinois buyers

3+ mon, 6+ day ago  (732+ words) Elevated prices thanks to low inventory continued to create problems for Illinois homebuyers in November. Buying a home in Illinois costs a lot more than it did just six years ago. In just one year, Illinois Realtors reports home sales…...

Illinois Policy
illinoispolicy. org > chicago-could-add-8000-granny-flats-by-following-los-angeles-lead

Chicago could add 8, 000 granny flats by following Los Angeles" lead

6+ mon, 4+ week ago  (458+ words) Legalizing additional dwelling units citywide would bring more housing choices, lower costs and help Chicagoans stay in the neighborhoods they love. If the Chicago City Council follows Los Angeles" lead in reducing restrictions on additional dwelling units this month, the…...

Illinois Policy
illinoispolicy. org > illinois-home-prices-up-nearly-50-since-2018-inventory-low

Illinois home prices up nearly 50% since 2018, inventory low

7+ mon, 2+ week ago  (697+ words) Restrictive zoning laws and policy barriers have prevented new housing construction, driving prices up and Illinois families out. Illinois families looking to buy homes are facing a harsh new reality: home prices are rising, making what used to be affordable…...

Illinois Policy
illinoispolicy. org > contact-your-rep > legalize-granny-flats-in-chicago

Legalize granny flats in Chicago

8+ mon, 4+ week ago  (104+ words) Chicago housing is too often choked by red tape, which raises costs and hurts economic growth. But a new proposal would fix that by allowing "granny flats" city wide. Tell your Chicago alderman to vote "yes" on Ordinance SO2024-0008918 at the…...

Illinois Policy
illinoispolicy. org > chicago-mayor-pushes-for-granny-flats-citywide-to-boost-affordable-housing

Chicago mayor pushes for granny flats citywide to boost affordable housing

9+ mon, 10+ hour ago  (530+ words) Legalizing additional dwelling units across Chicago would expand housing options, support families and boost affordability without changing the character of single-family neighborhoods. Chicago's mayor is ready to move on the issue. Attic apartments, basement dwellings and other additional dwelling units…...