Category: Foreclosures/ Short Sales

Chicago Foreclosure Activity Shows Further Improvement In June

Chicago Foreclosure Activity Shows Further Improvement In June
Late last week ATTOM Data Solutions released their Midyear 2018 U.S. Foreclosure Market Report which showed continued progress in the nation’s struggle with distressed properties. In the first half of the year foreclosure activity was 15% lower than in 2017. Nevertheless, some areas of the country are seeing increases and Daren Blomquist, senior vice president... Read more »

Chicago's Foreclosure Activity Appeared To Be Bottoming Out In May

Chicago's Foreclosure Activity Appeared To Be Bottoming Out In May
I’ve been reporting in my monthly Chicago real estate market updates how the distressed percentage of home sales has been dropping steadily now for 7 years. You may have also heard recently that that percentage has now dropped to pre-mortgage crisis levels, indicating that the foreclosure nightmare is pretty much behind us. Well, that conclusion... Read more »

Chicago Homes In Foreclosure Plunged In April

Chicago Homes In Foreclosure Plunged In April
ATTOM Data Solutions updated their foreclosure activity data yesterday and issued a brief press release. For the nation as a whole April foreclosure activity was down on a year over year basis for the 31st consecutive month. The data for Chicago, which I’ve plotted below back to March 2009, shows that Chicago foreclosure activity in... Read more »
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Where The Foreclosures Are Still Happening In Chicago

Where The Foreclosures Are Still Happening In Chicago
Once a month I do a quick review of Chicago’s foreclosure activity and the overall trend has been very encouraging, with roughly 1/4 – 1/3 of the homes in foreclosure compared to the peak of the housing crisis. However, I recently started paying closer attention to what was going on at a more granular level... Read more »

Chicago Foreclosure Activity Moved In Wrong Direction In March

Chicago Foreclosure Activity Moved In Wrong Direction In March
Attom Data Solutions released their Q1 2018 U.S. Foreclosure Market Report late last week and highlighted a 19% decline in the nation’s foreclosure activity from the first quarter of 2017. Their data for Chicago foreclosure activity in March also showed a significant increase from February, rising to the highest level since October. Nevertheless, it was... Read more »

Chicago Foreclosure Activity Hits New Low While Foreclosures Increase

Chicago Foreclosure Activity Hits New Low While Foreclosures Increase
Yeah, I intentionally wrote a confusing headline in order to make a point. Attom Data Solutions just posted the February foreclosure activity data on their RealtTrac Web site, though they did not issue a new report (that will likely come with next month’s data release). The Chicago foreclosure data apparently tells a contradictory story. On... Read more »
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A Map Of Chicago's Demolitions Tells Two Stories

A Map Of Chicago's Demolitions Tells Two Stories
In 2017 over 1200 demolition permits were issued in Chicago. After I was unable to easily find out where these were happening I decided to just pull the data myself and map them out for everyone’s amusement. The resulting map below is interactive: the icon in the upper left corner reveals an interactive legend, you... Read more »

Fewer Than 9000 Chicago Homes In Foreclosure

Fewer Than 9000 Chicago Homes In Foreclosure
According to the January data from Attom Data Solutions, parent of RealtyTrac, the number of Chicago homes in the foreclosure process fell below 9000 for the first time since we’ve been tracking the data – 8983 homes to be exact. That sounds like a lot – and it is. But it’s so much less than... Read more »

US And Chicago Foreclosure Activity Continues To Plummet

US And Chicago Foreclosure Activity Continues To Plummet
Somehow I missed doing an update on Chicago foreclosure activity in December but the story has been pretty repetitive anyway – so much so that Attom Data Solutions (the parent of RealtyTrac) now only releases their US Foreclosure Market Report once every quarter. Their year end report, released today, contains the graph below, which shows... Read more »
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7 Month High In Chicago Foreclosure Activity Probably A Good Thing

7 Month High In Chicago Foreclosure Activity Probably A Good Thing
Thanks to RealtyTrac (part of Attom Data Solutions) we have updated October data for Chicago foreclosure activity which I have used to update my graph below. Although the data shows a spike in overall activity defaults, which are the key metric, didn’t really change much. Since defaults feed the foreclosure process this is a good... Read more »