Chicago home sales fall more than 10 percent – Crain’s

Because fears of an impending recession have largely dissipated and interest rates have stayed low all year after inching upward in late 2018, it’s hard to blame Chicago’s droopy sales on factors that aren’t specific to this region. Local factors in buyers’ hesitance include high property taxes, the likelihood that they will go up more and uncertainty about the future fiscal health of the city and state.