Can the Feds Save the Housing Market? Prof Dan Immergluck warns of investors in neighborhoods fighting vacancy

External News Details

Zeke Morris spends his days roaming the south side of Chicago managing foreclosures. As an agent working with real-estate owned (REO) properties, his job is to match these vacant houses with buyers. In some of his neighborhoods, investors are swooping in to nab the properties, renovating them to quickly turn them around or holding them tight in the hope of a market improvement. But in other neighborhoods, like Englewood and Bronzeville - areas brimming with foreclosed homes - they just aren't. “It's tough to get an investor to go there,” Morris says . . .  "In Atlanta and Cleveland," explains Dan Immergluck, an urban planning professor at the Georgia Institute of Technology, "just bringing these investors in may exacerbate blight."

Additional Information

Groups

School of City & Regional Planning

Categories
No categories were selected.
Keywords
dan immergluck
Status
  • Created By: Mike Alberghini
  • Workflow Status: Published
  • Created On: Feb 15, 2012 - 8:25am
  • Last Updated: Oct 7, 2016 - 10:25pm