foreclosures

Shadow Inventory Could Force a Housing-Market Collapse (Real Clear Markets)

I have shown that the Case-Shiller Index is built on questionable assumptions and gives much greater weight to certain kinds of home sales, which distorts the raw data beyond recognition. 

I have also explained why median sale prices are useless when the banks have sharply reduced the number of lower-priced foreclosed properties they put on the market. 

Deciphering Blight: Vacant Buildings Data Collection in the Chicago Six County Region

The report also makes several recommendations on data collection practices that would allow municipalities to better understand the scope of the vacant buildings problem in their communities, inform strategies for property redevelopment and reuse, and keep track of responsible parties for the vacant properties:

Inequality in Housing, Financial Services and Retirement Security in the Chicago Region

Woodstock President Dory Rand presented to the KAM Isaiah Israel on causes of inequality in housing, financial services, and retirement security, trends in home equity and outstanding mortgage debt, and how communities of color and low-income families have been particularly hit hard by these trends.

Negative Equity in Communities of Color in the Chicago Six County Region

Presentation for the 2012 Illinois Asset Building Group Conference. Spencer Cowan presented on foreclosures in the Chicago region, the impacts of negative equity, inherent risks of mortgage finance, and disparate impact on communities of color.

Negative Equity in Communities of Color in the Chicago Six County Region

Presentation for the 2012 CFED National Conference. Spencer Cowan presented on foreclosures in the Chicago region, the impacts of negative equity, inherent risks of mortgage finance, and disparate impact on communities of color.

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