Inflation is affect Chicago housing prices and causing problems in the affordable housing market.
CHICAGO A new report shows inflation cooling off slightly in the US, with the inflation rate dropping to 8.3% in April from 8.5% in March. Analysts call it a tentative sign that price increases may be peaking, but the costs for lots of things remain high. Inflation is also affecting housing prices and causing problems in the affordable housing market. Across our area, finding affordable rental units is tough. «We are seeing people impacted by it», said Karla Chrobak, with CARPLS Legal Aid, «especially people on fixed incomes whose income can’t keep pace with the rising rental increases.
