Articles tagged 'Housing policy'

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.

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.

It is generally assumed that the vast majority of residential property purchases are financed with a mortgage. While this is still often the case, one of the many ways in which the U.S. housing market has changed in the wake of the foreclosure crisis is that the share of residential...

Illustrating differences in mortgage activity on both sides of Austin Boulevard

Among the key findings from IHS’s recently released State of Rental Housing in Cook County report was that while the supply of rental units in Cook County increased between 2007 and 2011 to meet observed increases in rental demand, the gap between the supply of and the demand for rental housing affordable for lower-income...

In the wake of the housing crisis, the need for a sufficient supply of quality, affordable, and stable rental housing has become increasingly important. The newest release of The State of Rental Housing in Cook County examines shifting patterns of renter and owner occupancy in Cook County from 2000 to 2011 with a focus on the period from 2007 to 2011. It looks at shifts in rental demand in Cook County, the changing nature of the supply of rental housing, and how these dynamics are impacting access to affordable rental housing for the lowest-income households.

The Housing Market Conditions Report is released in conjunction with the annual update of the IHS Housing Market Indicators Data Portal. This edition of the report uses a lens of housing market health to focus on differences in housing indicator activity in different types of markets broken out by long-term price trends.

This is the second in a series of posts discussing long-term residential vacancy in Chicago and suburban Cook County. For the first post in this series, click here. The first post in this series, Understanding vacancy: Patterns of long-term vacancy in Cook County, discussed why a residential address may become vacant and how properties that...