Gov. JB Pritzker is announcing $1.5B in housing assistance for Illinois renters and landlords affected during the pandemic. Eligible residents can receive up to $25,000 of assistance.
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The problem is that the US just doesn’t have enough homes. The solution might be too expensive for homebuilders’ liking.
The surge in house prices could be a harbinger of accelerating inflation if it’s being driven by savvy investors betting that the cost of renting is poised to rise.
The National Multifamily Housing Council’s latest report on rent collections showed 80 percent of U.S. rental households made rent payments as of May 6.
Both the CRE Finance Council and the second from the National Association of Realtors see signs of a strong commercial real estate rebound coming over the next 12 months.
Chicago does not face the run-up in apartment deliveries that may slow the comebacks in some of the nation’s biggest cities.