Finding affordable housing is not predicted to get easier this year in the Chicago region:

While experts said Chicago might see small, incremental improvements in the housing market this year, many said affordability and a lack of homes will define 2026.

“In Illinois, the issue is very acute in the sense that our housing economy hasn’t recovered in the same manner that other states have,” Illinois Realtors CEO Jeff Baker said. “Housing stability, housing affordability, the trickle down affects every other element of our state from economic development to school funding, public safety. It touches everything.”…

Baird & Warner predicts homeowners will see their home values rise this year. It also predicts home listings will continue to be snapped up quickly, with the average number of days on market virtually unchanged. Homes in the Chicago metro area are on the market for an average of 29 days until they’re sold, according to Illinois Realtors…

Pekarsky said Chicago’s housing inventory crunch is even more dire for first-time homebuyers, who often can’t compete with all-cash offers and buyers who have built up equity.

Another possible way to frame this story: a long-standing affordable housing shortage continues in 2026. Sure, COVID may have interrupted plans but it is not like the region had a surplus of affordable housing before that.

The topic of affordable housing does come up in local discussions but then affordable housing is difficult to approve and construct and then can be limited in scale or intended for particular people.

Imagine a different headline: plans and building underway in 2027 to add affordable housing or more housing? What would have to happen in 2026 for that to happen?