Federal regulators are investigating firms that offer contracts for deed.In Detroit in 2015, there were more contracts for deed than there were mortgages.Under these agreements, homebuyers make a down payment and monthly payments to the seller, who...
the housing crisis still has a stranglehold on their lives. As prices started
to plummet in 2007, many saw their home’s value sink below what they’d paid for
it. Negative equity, or an “underwater” home, is what...
More and more
Americans are opting out of homeownership.Renting
is on the rise.
American homeownership rates have fallen in recent years, rental demand has
the second quarters of 2014 and 2015, for example, the number of owner-occupied
households dropped by...
The aftermath of the housing crisis has seen major institutional investors scooping up thousands of foreclosed or distressed homes in the Chicago region and throughout the country. Since 2012, HUD, Fannie Mae, and Freddie Mac have sold...
Property has been one of the surest ways to create wealth
for centuries, as the economist Thomas Piketty makes clear in his book “Capital
in the 21st Century.” More so than hard work, land ownership has
allowed people to...
CHICAGO — As house prices rebound in all communities across
Cook County, the divide between areas that are thriving and those that are
struggling persists, according to the May 13 release of the Cook County House
Price Index from...
Homes in Chicago’s lakeside Lincoln Park neighborhood cost
about what they did at the peak of the housing bubble that burst in 2006. But
Lincoln Park, renowned for its luxury homes, is the exception in Chicago.
According to our...
the United States limps out of economic disarray, it can often seem like the nation
is taking one step forward and two back. This spring’s home-buying season is
typical of that lurching sensation.
prices are slowly climbing—by 4.6...
After aggressively entering the housing market in 2012, institutional investors slowed their purchasing of single family homes in early 2014, signaling the beginning of a new phase in the real estate owned (REO)-to-rental cycle that shifts focus away from...
The growth of institutional investors as a dominant player in certain hard-hit housing markets may have implications for the recovery and stability of these markets in coming years. This post examines the recent activity of the...
Where is the housing market headed? The U.S. housing market could be in a recovery that is showing signs of slowing. Or perhaps it is recovering too quickly and another bubble is forming which is on...