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.
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?
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Home prices just continue to grow in Illinois. Everyone is leaving but prices just keep going up.
Correct. It’s a supply issue. And those 500K illegals in Illinois are living somewhere.
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?
Don’t worry. As more and more tax paying citizens of Illinois leave for greener pastures outside Illinois, housing prices will drop.
That’s been the theory but it just hasn’t been happening.
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?