Category: Foreclosures/ Short Sales

Chicago Foreclosure Activity Going In The Wrong Direction

Chicago Foreclosure Activity Going In The Wrong Direction
After steady declines over the last few years Chicago foreclosure activity has recently shown an uptick. That’s what recent foreclosure data released today by ATTOM Data Solutions, parent company of RealtyTrac, shows. I have the historic data graphed below and you can see a gradual upward drift the last few months. While it’s still true... Read more »

Chicago Foreclosure Activity Didn't Improve Much Last Month

Chicago Foreclosure Activity Didn't Improve Much Last Month
Data released today by ATTOM Data Solutions, parent company of RealtyTrac, shows that Chicago’s foreclosure activity didn’t improve much in April compared to last year – down only 6.0% – and actually rose 13% from March. You can see the history graphed below and it’s fairly obvious that the month to month variations are pretty... Read more »

Chicago Foreclosure Activity Drops 35% From Last Year

Chicago Foreclosure Activity Drops 35% From Last Year
ATTOM Data Solutions, parent company of RealtyTrac, released their Q1 2019 U.S. Foreclosure Market Report this morning. For the nation as a whole foreclosure activity was down 15% from a year ago to the lowest level since the first quarter of 2008. According to Todd Teta, chief product officer at ATTOM Data Solutions: While some... Read more »
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Chicago Foreclosure Starts Hit 22 Month High In February

Chicago Foreclosure Starts Hit 22 Month High In February
I just picked up the latest foreclosure data from ATTOM Data Solutions’ RealtyTrac Web site and updated my graph below. Once again they only released a short commentary on the state of US foreclosures and they note that Illinois gets bragging rights on being the state with the 5th highest foreclosure rate. I’m sure that’s... Read more »

Chicago Foreclosure Activity Drifted Up In January

Chicago Foreclosure Activity Drifted Up In January
ATTOM Data Solutions updated their foreclosure data on the RealtyTrac Web site last week and released a short report on national foreclosure activity for January. Despite an 8% increase in national activity over December there was a 19% decline from last year. Chicago foreclosure activity pretty much followed the same pattern with a 6% increase... Read more »

December Saw Near Record Low In Chicago Foreclosure Activity

December Saw Near Record Low In Chicago Foreclosure Activity
ATTOM Data Solutions released their Year End 2018 US Foreclosure Market Report yesterday and they also were kind enough to provide me with the December Chicago foreclosure activity data which I used to update my graph below. Chicago’s total foreclosure activity for December was the second lowest since I’ve been compiling the data and down... Read more »
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Chicago's Most Expensive Single Family Home Sales Of 2018

Chicago's Most Expensive Single Family Home Sales Of 2018
You may have heard that the high end of the Chicago real estate market was really smoking hot in 2018 but the reality was a bit more tepid. Don’t get me wrong. 2018 appears to have had more uber-expensive activity than 2017 with 14 home sales above $4 MM (my arbitrary cutoff) compared to 2017’s... Read more »

Number Of Chicago Homes In Foreclosure Plunged In November

Number Of Chicago Homes In Foreclosure Plunged In November
Last week ATTOM Data Solutions updated their RealtyTrac Web site with the November statistics and I’ve incorporated their Chicago data in the graphs below. Overall foreclosure activity in Chicago was at the very low end of the historic range as you can tell, and 19.1% lower than last year. No single category of activity was... Read more »

Chicago Foreclosure Activity Jumped Back Up In October

Chicago Foreclosure Activity Jumped Back Up In October
I’ve updated my Chicago foreclosure activity graph below with the October data from ATTOM Data Solutions’ RealtyTrac Web site which came out late last week. October broke the trend of the previous 4 months which had shown a steady decline in activity. Each of the components was up from September but keep in mind that... Read more »
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Chicago Foreclosure Activity Hit New Low In September

Chicago Foreclosure Activity Hit New Low In September
ATTOM Data Solutions released their 3rd Quarter Foreclosure Market Report this morning and it shows that foreclosure activity for the nation was down 8% from a year ago. That’s a fairly modest decrease but that’s still a nearly 13 year low and 36% below the pre-recession average. Daren Blomquist, senior vice president at ATTOM Data... Read more »