DECLINING RATES MAY SPUR HOUSING ACTIVITY
Benjamin L. Varner, Chief Economist

This month’s briefing examines how recent declines in Federal Reserve interest rates intersect with housing trends in Illinois. It provides an in-depth look at home sales, prices, inventory, and regional market variations across the state, highlighting how financial conditions and supply constraints have influenced Illinois’ housing market in recent years.

GENERAL FUNDS RECEIPTS HOLD STEADY IN OCTOBER
Eric Noggle, Revenue Manager

Revenues deposited into the State’s General Funds were largely unchanged in October but remained positive overall. Slight declines in Personal Income Tax receipts were offset by modest growth in Corporate Income Tax and several transfer categories, resulting in total receipts rising $24 million, or +0.6%. Through the first four months of FY 2026, revenues deposited into the State’s General Funds have increased by $474 million, representing a solid 2.9% gain compared to the same period in FY 2025.