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Fed lowers rates but home buyers face tough times ahead
With the Fed’s recent rate cut to 3.5-3.75 percent, prospective home buyers in Chicago face a challenging housing market, as inflation and political turmoil inflate costs. Expect mortgage rates to remain above 6 percent into 2027.
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Why your second 2024 property tax bill arrived so late
Cook County property owners faced a delay in their second installment of the 2024 real estate tax bill, which was mailed on November 14 instead of the usual August 1. The delays stemmed from the upgrade of the property tax system.
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