Why No One is Selling Homes in Illinois

Thinking of buying or selling a home in Illinois? From sky-high property taxes to confusing new commission rules, navigating the real estate market is tougher than ever. Expert real estate agent ‪@KatiSpaniak‬ joins us to break down the current state of housing in Illinois and across the country. We discuss how local building regulations, rising property taxes, and the state's pension crisis are squeezing homeowners and preventing new development. Discover what the recent real estate commission lawsuits actually mean for buyers and sellers, and why policymakers need boots on the ground to fix the massive inventory shortage. Sign up for our Morning Briefing newsletter: https://www.illinoispolicy.org/subscr... Subscribe to Illinois Policy's YouTube channel:    / @illinoispolicy   Find the full audio show wherever you get your podcasts: Spotify – https://open.spotify.com/show/0zSLlXS... Apple – https://podcasts.apple.com/us/podcast... Follow Illinois Policy on all social platforms: X – https://x.com/illinoispolicy Instagram –   / illinoispolicy   TikTok –   / illinoispolicy   Facebook –   / illinoispolicy   00:00 - Introduction & Kati's Real Estate Background 04:44 - The Illinois Housing Inventory Crisis 10:58 - What Makes a Good Real Estate Agent? 15:15 - How the Lawsuit Changes Agent Commissions 22:25 - The Impact of Illinois Property Taxes 33:25 - Housing Market Predictions and State Pensions #politics #realestate #podcast