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Story summary
- In Chicago, the middle class is shrinking because home prices are rising at the fastest pace in the nation.
- Daryl Fairweather, Redfin chief economist, says middle class is moving to Indiana.
- Affluent neighborhoods expand while lower-income areas on Chicago’s South and West sides persist.
- Demographer Rob Paral notes top 10% earners rise as bottom 20% grows.
- Chicago does not build middle-class housing, prioritizing luxury developments and affordable units.
