Supporters of a Chicago ballot initiative are campaigning for a new real estate transfer tax to address homelessness. The proposal, facing legal challenges, would increase taxes on properties over one million dollars. Proponents argue it's necessary for...
The Illinois housing market is struggling with declining sales and rising prices due to low inventory. The Chicago area is similarly affected. The market favors sellers, and while efforts are being made to address these issues, forecasts predict continued challenges....
Container Homes Cook County Costs Knowing the container homes Chicago costs is recommended before starting a container homes project. While looking at national averages can give a general idea, such numbers usually do not include factors which may affect the final...
Chicago Mayor Brandon Johnson has signed an executive order to simplify the approval process for housing and commercial buildings. The order requires City departments to propose solutions for streamlining processes and accelerating review timelines. A director of...
Over 9,000 Cook County homeowners will receive $30.5 million in automatic refunds due to overpayment of property taxes. The refunds will be distributed without the need for applications or paperwork, with qualified homeowners receiving 48% of the reimbursements...
Home staging is recommended for sellers in Chicago, IL, as it attracts more attention and leads to better sales prices. Staging services in the area typically cost between $500 and $2,000. Continue to full article
The Economist maps show parts of the Chicago area are now cheaper to rent, and while some remain slightly cheaper to buy, few sit at the levels seen just three years ago. Continue to full article
The share of property taxes collected by the city and claimed by Chicago's tax increment finance districts increased by approximately 6.3% in 2022. A total of $1.3 billion was poured into the city's 127 TIF funds, accounting for 41% of the property tax...
Experts predict a positive outlook for the Chicago real estate market in 2024. Sales of existing homes are expected to improve after a recent decline. The average long-term mortgage rate has dropped, which may encourage more people to buy new homes. Home sales in the...