A bill that has been introduced multiple times to the Illinois Legislature since 2020 is poised for a new revival as the state continues to seek ways to address its shortage of affordable housing stock, according to reporting by Northern Public Radio. The Build Illinois Homes Tax Credit Act, first introduced in 2020, would offer…
"February 19, 2025" Archives
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Gary Keller, Jay Papasan and Jason Abrams took to the stage at the KW Family Reunion on Tuesday to discuss the housing market and current economic trends as they do every year. But while the three Keller Williams executives did their usual forecasting for the year, they also acknowledged far more room for unpredictability in…
The oldest baby boomers are poised to turn 80 years old this year, which could bring the market of dedicated senior housing from a place of oversupply to a shortage. This is according to a report published this week by the Wall Street Journal. The projected aging of the U.S. population shows that by 2030,…
Homebuyers can purchase properties in full with cash, eliminating the need for a mortgage application. But last year, only one-third of buyers purchased homes with cash, representing a three-year low point. In total, 700,445 homes in 2024 were purchased with cash, which is down from 760,914 in 2023. Real estate marketplace Redfin released a report…