Articles tagged 'Homeownership'

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 hangs onto the deed until the final payment is complete. Although the buyers cannot...

This update of the Institute for Housing Studies (IHS) Cook County House Price Index highlights changing prices for single-family homes through the second quarter of 2016 in 16 City of Chicago submarkets and 17 submarkets primarily in suburban Cook County.

For 4 million households, 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 results when a house is worth less than what the homeowner owes on the mortgage....

he Housing Market Conditions Report is released in conjunction with the annual update of the IHS Housing Market Indicators Data Portal. The objective of this report is to help users of the IHS Housing Market Indicators Data Portal interpret IHS market conditions indicators such as levels of foreclosure distress, the characteristics of property sales, or levels of mortgage credit, and how they vary across the region in the most recent data.

This update of the Institute for Housing Studies (IHS) Cook County House Price Index highlights changing prices for single-family homes through the fourth quarter of 2015 in 16 City of Chicago submarkets and 17 submarkets primarily in suburban Cook County.

More and more Americans are opting out of homeownership.Renting is on the rise. As American homeownership rates have fallen in recent years, rental demand has leapt.  Between the second quarters of 2014 and 2015, for example, the number of owner-occupied households dropped by 400,000, according to The Wall Street Journal, hitting a 48-year low; in the same period, the...

This update of the Institute for Housing Studies (IHS) Cook County House Price Index highlights changing prices for single family homes through the second quarter of 2015 in 16 City of Chicago submarkets and 17 submarkets primarily in suburban Cook County.

The Housing Market Conditions Report is released in conjunction with the annual update of the IHS Housing Market Indicators Data Portal. The objective of this report is to help users of the IHS Housing Market Indicators Data Portal understand how to interpret IHS market conditions indicators such as levels of foreclosure distress, the characteristics of property sales, or levels of mortgage credit and how they vary across the region in the most recent data.

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 more than 130,000 troubled mortgages, the vast majority to private equity firms and hedge...

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 accumulate enough wealth to pass on to the next generation. In the United States, where...