With a double-digit plunge in home sales in June, the Chicago area's housing market reached its 12 consecutive month of declines. In Chicago, 2,766 homes sold in June, 13.3 percent below June 2018, according to data released by Illinois Realtors, the statewide trade group.
In the nine-county metropolitan area, 12,002 homes sold, down 11.6 percent from a year earlier. The local declines were far steeper than the national dip. Nationwide, home sales fell 2.2 percent in June from a year ago.
Wow only 12,000 homes sold in the 9 county area! Is that enough to go around to all the folks working as realtors? You run into people who are realtors all the time, seems like there wouldn’t be enough commissions to live off for many of them.
debtsor
6 years ago
“Property taxes are a factor, Chicago Association of Realtors President Tommy Choi said in the Illinois Realtors release. “We can’t escape the topic of tax increases right now,” Choi said, “and prospective buyers are paying attention.” What a naysayer. Why isn’t this guy pointing out what these taxes buy? Taxes are the cost of civilization and a better life here in Illinois! How else is the county expected to fund abortions for illegal immigrants, infanticide for everyone else, lavish pensions for people who no longer work for (or even live in) the state, and legalized marijuana regulation, anti-ICE demonstrations, and… Read more »
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.
Wow only 12,000 homes sold in the 9 county area! Is that enough to go around to all the folks working as realtors? You run into people who are realtors all the time, seems like there wouldn’t be enough commissions to live off for many of them.
“Property taxes are a factor, Chicago Association of Realtors President Tommy Choi said in the Illinois Realtors release. “We can’t escape the topic of tax increases right now,” Choi said, “and prospective buyers are paying attention.” What a naysayer. Why isn’t this guy pointing out what these taxes buy? Taxes are the cost of civilization and a better life here in Illinois! How else is the county expected to fund abortions for illegal immigrants, infanticide for everyone else, lavish pensions for people who no longer work for (or even live in) the state, and legalized marijuana regulation, anti-ICE demonstrations, and… Read more »