Case-Shiller Index: Chicago home-price growth rises in May as national market undergoes ‘slow unwind’ – Chicago Agent Magazine

The pace of U.S. home-price growth fell for the fourth month in a row in May, dipping to its slowest rate since July 2023 as markets continued “the slow unwind” of pandemic-era appreciation, S&P Dow Jones Indices said. But in Chicago, home prices rose 6.1% year over year in May, up from a 6% gain in April. 
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PPF
9 months ago

Home prices just continue to grow in Illinois. Everyone is leaving but prices just keep going up.

PPF
9 months ago
Reply to  Mark Glennon

So there isn’t enough supply? You would think with everyone leaving they would be selling their homes? Are the illegals buying them all up?

Mark F
9 months ago

Don’t worry. As more and more tax paying citizens of Illinois leave for greener pastures outside Illinois, housing prices will drop.

PPF
9 months ago
Reply to  Mark F

That’s been the theory but it just hasn’t been happening.

taxpayer
9 months ago

The article gives no indication of why prices in Chicago seem to be rising much faster than elsewhere. Could it be because Chicago presents more barriers to maintenance and construction?

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