HUD secretary announces funding for Chicago housing
The acting secretary of the U.S. Department of Housing and Urban Development made a major announcement in Chicago on Thursday.
Baltimore sells $1 houses in effort to combat vacant home crisis
Baltimore, Maryland, city officials approved a program that would sell city-owned vacant homes for next to nothing at $1 for some applicable residents.
Frank Lloyd Wright-designed home in Kankakee hits market for nearly $800,000
A Frank Lloyd Wright home in Kankakee has hit the market with an almost $800,000 price tag.
Home buyers need to make $47,000 more than in 2020 to afford a home
A new report from Zillow finds that some people are relying on financial gifts to help cover the cost of a down payment for a home or moving to low-cost cities to find affordable housing.
The two things Biden proposed to shake up the housing market
The president wants to make housing more affordable through a pair of tax credits. Here’s how it works.
Rent prices are changing thanks to 'apartment-building boom' – what renters should expect
Rent prices are evolving – potentially for the better – in 2024 thanks to an “apartment-building boom," according to Redfin chief economist Daryl Fairweather. Here’s what renters should know.
Gary homes demolished to make way for redevelopment
Demolition is making way for restoration in Gary, Indiana.
Gary homes demolished to make way for redevelopment
Revitalization in Gary, Indiana is underway. Today, construction crews broke ground on a new neighborhood stabilization effort. Volunteer construction crews are demolishing abandoned homes to make way for the future of Gary.
Fox 32's Week in Review - Feb. 25
Here are FOX 32's top stories from this week.
Baby boomers to blame for housing shortage, real estate report says
A new Redfin report shows that older Americans are hanging onto their homes longer, making it difficult for homebuyers to find and afford houses.
Half of all U.S. renters are spending more than they can afford
Half of all renters in the United States are spending more than they can afford. A new Harvard study calls them "cost-burdened," meaning they spend 30-percent or more of their income on rent and utilities.
Proposal in Springfield seeks to stop evictions spurred by police calls
Months after a mom of three young kids spoke out about how she was pushed out of her Richton Park home after her family’s calls to police, housing advocates are pushing a measure in Springfield to ban the use of so-called crime-free ordinances.
US home prices hit a new record high in November
US home prices rise again in November as inventory shortage persists
Housing is expensive for a record half of American renters, study shows
A new Harvard analysis reveals soaring housing costs put a financial strain on millions of renters, with prices spiking during the pandemic.
Cities converting old motels into apartment buildings amid housing shortage
People are having a hard time finding housing across the country. So, cities are renovating old buildings for more housing. Chelsea Torres is in Charlotte where an old motel will soon be an apartment building.
About 24% of renters in America say they can no longer afford their rent, study says
While buying a home is an issue for some, covering the cost of rent every month is becoming a growing burden for many, based on findings from Intuit Credit Karma.
Housing affordability plummeted to lowest level on record in 2023
Just a fraction of homes for sale in 2023 were affordable for the typical American
New affordable housing opens on Chicago's NW Side
Mayor Brandon Johnson on Wednesday celebrated the opening of the Maria Elena Housing Development in Albany Park.
New affordable housing opens on Chicago's NW Side
Mayor Brandon Johnson on Wednesday celebrated the opening of the Maria Elena Housing Development in Albany Park.
Take a tour of Santa's house on Zillow
Who doesn't want a sneak peek inside Santa's home?!