About 31 percent of American homeowners with mortgages owe more on their mortgages than their home is worth, according to a recent report from Zillow. The incidence of the problem ranges greatly by region, however.
Data and Statistics
Housing policy key to equalizing access to high quality education
Lower income and non-white students lack equal access to top performing schools largely because of housing availability and cost, according to a recent report from the Brookings Institution. Based on research pertaining to 84,077 schools nationwide, the report documents disparities between the performance of schools in areas with low housing costs and tho
HUD unveils new consolidated planning tools
The consolidated planning process required of states and communities that receive HUD funds just got easier. On Monday, HUD release its eCon Planning Suite, a streamlined set of electronic data and technology tools to help communities conduct the analyses needed to target funds to areas most in need.
Economists advise acknowledging the possibility of house price declines
Facts refute the popular story that the nation's foreclosure crisis resulted from financial industry insiders deceiving uninformed mortgage borrowers and investors, according to the authors of a new national-level report from the Boston Federal Reserve Bank. Borrowers and investors made decisions that were rational and logical given their ex post overly optimistic beliefs about house prices, the aut
Chittenden County housing priorities meeting on May 17
The ECOS (Environment. Community. Opportunity. Sustainability) project has moved into the next phase of its work – prioritizing actions to achieve common goals. Come meet with others interested in the impact of housing on Chittenden County’s sustainability to identify criteria for prioritizing future action.
Housing websites resume operation
After an interruption Thursday, the Vermont Housing Data website and the Vermont Housing Managers Association website resumed operation.
Thanks for your patience!
How negative equity affects unemployment rates
A study looked at how borrowers who owe more than their home is worth (underwater) might be limited in their ability to move because of their housing situation. This can perpetuate a high unemployment rate if homeowners can’t move for economic reasons. The report’s authors found that “house lock” definitely decreases a household’s mobility options, but in aggregate has had a negligible effect on the nation’s unemployment rate.