The Illinois Answers Project finds more investors are flocking to neighborhoods near the Obama Presidential Center stirring up gentrification woes.
Across the country, corporate investors are buying larger market shares of homes, and that trend has only grown during the global pandemic. That trend is more pronounced in low-income and predominantly Black neighborhoods.
In the zip code covering much of South Shore, investors bought up 32% of homes for sale in the third quarter of 2022 - that's tied for the most in the city, according to Redfin data.
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