The Debate Over Chicago’s Real Estate Transfer Tax Intensifies
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...
Illinois Housing Market Forecast: Will it Crash in 2024?
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 Costs in Chicago, IL in 2023
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 Signs Executive Order to Streamline Commercial Development
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...
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. Continue to full article
Refunds totaling $30.5M to be Distributed to Numerous Cook County Homeowners – Learn How to Verify if You Qualify
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 Costs in Chicago, IL in 2023
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
Is it cheaper to rent or buy a house in the Chicago area?
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
Share of Chicago Property Tax Revenues Claimed by TIF Funds Grew 6.3% in 2022: Report
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...
Chicago Real Estate News: National Association of Realtors Predicts Improved Sales in 2024, Mortgage Rates Drop Below 7%
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...