For the fourth month in a row, home prices grew faster in Chicago than in any other major U.S. city, according to a national index of August home prices. In August, home prices in the Chicago area were up 5% from the same time a year earlier. While it’s more evidence of the Chicago housing market’s resilience during the recent nationwide slowdown under the weight of rising interest rates, there’s also data in the report that shows Chicago-area home values lag well behind most big cities in the long-range view. Chicago Teachers Union contract demands are totally divorced from reality – Wirepoints
May 8, 2024
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Details emerging about Chicago Teachers Union’s upcoming contract show just how divorced its demands, both extreme and expensive, are from the reality at Chicago schools. It’s not just about massive salary increases, but also about money for migrant students, climate initiatives, abortions and gender-affirming care. About blocking parental notification. Count on CTU’s demands to veer further from reality until the public finally says no.
Weekly crime statistics from the Chicago Police Department: Report through 5/4/2024.
Gov. JB Pritzker calls it “ethics” reform.
It’s rare to see city leaders in Chicago take an open, unabashed stance on the collapse of literacy. To complain is deemed as too political, too racist or too anti-public schools. So it’s refreshing to see Willie Wilson, a successful businessman and leader of the black community, call for a literacy initiative “with the goal of getting 100% of Black students reading at grade level.”
I will admit, I was wrong, the housing market IS RESILIENT!
Buy Now, knife-catchers, or be Priced Out *FOREVER*.
There are not many new homes being built due to a variety of reasons. Interest rates/many tradesmen who retired in the last few years/cost of empty lots and material costs thru the roof for a while. 2x4x8′ lumber was approx $14.00 and plywood around $100/sheet and uncertainty during Covid like lock downs.
There’s plenty of new homes being built they’re just far out in the exurbs. Infill spec homes in existing suburbs tend to be very expensive and the math works only in neighborhoods with high prices per sq foot and there’s just not a lot of open space left of low rent or affordable apartments.
Moreover, most of the immigrants coming here can’t afford to live in the new, expensive housing. They are crowding into the cheapest low rent apartments throughout the region. This pushes people into more expensive neighborhood, and so on. Things could be a lot worse though.