Chicago home prices rising at 5 times the speed of the nation’s – Crain’s

Craftsman-style house in Evanston, with front porch and dormered second-story windows, that sold in MarchChicago’s home prices grew at more than five times the pace of the nation’s in February, according to today’s report from the S&P Cotality Case-Shiller Indices. Home prices here were up 5.04% in February, the index reports, compared with growth of 0.7% nationwide.  
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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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