Chicago

Here's why that buyer may not plan to live in your home

Here's why that buyer may not plan to live in your home

One out of every four homes sold in the Chicago area in 2016 went to buyers who don't plan to live in the property, a phenomenon that sneaked up on almost everybody. 

Just over 26 percent of the homes sold in 2016 in the metropolitan area went to small investors, according to figures Attom Data Solutions compiled exclusively for Crain's. The figure is up from 10 percent a decade earlier. The buyers include those who plan to rent the properties to tenants, rehab them for resale or use them as second homes.

How much does the average American pay in property taxes?

This article lists the states that have the lowest and highest property tax rates.  SPOILER ALERT: Residents in Illinois and Wisconsin are not in the favorable category.