Articles tagged 'Homeownership'

Recently, IHS worked with Chicago Metropolitan Agency for Planning (CMAP), Metropolitan Mayors Caucus (MMC), and Metropolitan Planning Council (MPC) to develop a housing market analysis to 1) identify the spatial patterns and characteristics of distinct subregional housing markets across northeastern Illinois and 2) identify a set of market-driven strategies responsive to local needs. The results of this collaborative effort were recently released through the Regional Housing Solutions website.

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 2016 in 16 City of Chicago submarkets and 17 submarkets primarily in suburban Cook County.

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....