Releases

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 2014 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 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.

In light of the continued acute need for affordable rental housing in Cook County, the latest report from IHS examines a key challenge to maintaining and increasing the supply of affordable rental units: access to credit for multifamily properties in the county's lower-income communities. This report builds on the findings from the 2013 State of Rental Housing in Cook County using mortgage data released in October of 2014.

Single family house prices in Cook County experienced their seventh consecutive positive quarter in the second quarter 2014.

Update from IHS's regularly updated Cook County Single Family House Price Index.

The map tool allows users to scan and zoom a map of Cook County and examine housing composition in suburban Cook County, Chicago community areas, and even block by block throughout the county.

Update from IHS's regularly updated Cook County Single Family House Price Index.

The research brief, “The Impact of Lock-In Effects on Housing Turnover and Implications for a Housing Recovery” summarizes a new working paper by IHS researchers Patric Hendershott, Jin Man Lee, and James Shilling. It finds that rapidly increasing interest rates, along with negative equity, “lock-in” households to their existing mortgages and residences, which reduces housing turnover.

Update from IHS's regularly updated Cook County Single Family House Price Index.

Written to inform the development of the City's 2014-2018 Five Year Housing Plan, the Overview of the Chicago Housing Market contains a comprehensive set of maps, charts, and tables meant to both provide background data for the city's housing plan and a comprehensive view of neighborhood housing markets. This book was used to facilitate advisory group discussions of the housing market needs of Chicago’s neighborhoods and to craft the new Five-Year Housing Plan that will guide the City’s policy and investment related to housing from 2014 to 2018.