On average, homeowners gained $1,400 in home equity during the year, according to a report from CoreLogic. Among the 10 big cities in the study, the next-smallest average gains were nearly four times that. Shallow growth in home equity helps explain why the inventory of homes for sale is super-tight: potential sellers may not have enough equity in the house to fund a move up to a more expensive home.
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.