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News
Rockford close to zoning reforms to increase housing
1+ mon, 2+ week ago (394+ words) The proposed amendments would allow greater housing density, eliminate garage mandates and reduce approval hurdles for new developments. Rockford is one city council vote away from making it easier and less expensive to build housing in the city as Illinois…...
Lawmakers punt on housing supply as prices up 48% since 2019
3+ mon, 2+ day ago (425+ words) The state’s home prices have jumped 48% while housing for sale has plummeted. Lawmakers did not pass a package of proposals to increase Illinois’ housing supply despite buying a home in the state having become significantly harder in the past seven…...
Illinois housing shortage prices many out of homeownership
4+ mon, 1+ week ago (460+ words) Property taxes and restrictive zoning are driving the state’s housing crisis. New laws could help spur more construction. The average Illinois home price has jumped almost 50% since the pandemic began, putting homeownership out of reach for many families. The typical…...
Illinois home prices jump as inventory plunges
5+ mon, 1+ week 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…...
Pritzker proposes at least $250 million for affordable housing
6+ mon, 1+ day 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…...
Housing shortage drives up Illinois prices 49%
6+ mon, 3+ day 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…...
Quincy exploring housing reforms to add supply
7+ mon, 5+ day 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…...
Fewer homes on market, higher prices for Illinois buyers
7+ mon, 4+ week 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…...
Chicago could add 8,000 granny flats by following Los Angeles’ lead
11+ mon, 3+ 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…...