In its excellent CoreLogic Negative Equity Reports, CoreLogic reported that in March 2013, 29.2% of Illinois Homes with
Mortgages were Underwater. On the very positive side, this 29.2% dropped
precipitously by 47% to 15.4% in the most recently reported June 2014.....in only a 15 month period of time.
CoreLogic also reported that the Chicago-Naperville-Arlington Heights, Illinois Metropolitan Area had their Homes with Mortgages which are Underwater decline in a very similar manner by 48% from the 33.3% in March 2013 down to 17.9% in the most recently reported June 2014.
I agree with Financial Guru Jim Cramer when he asserts that President
Obama's Executive Action on Immigration Reform will be helpful to the
still somewhat depressed US Housing Market. And if the US House were to pass the bipartisan US Senate Immigration Reform legislation, it would be even more helpful to the US Housing market.
