Category: Foreclosures/ Short Sales

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 »

Chicago Foreclosures: Shadow Inventory Hits New Low

Chicago Foreclosures: Shadow Inventory Hits New Low
Attom Data Solutions/ RealtyTrac released their August Foreclosure Activity Report on Tuesday. Chicago foreclosure activity has been trending downward for quite a while and is near an all time low since I’ve been keeping track in the graph below. In fact, it was down 18.7% from a year ago. However, it does seem to have... Read more »

Chicago Foreclosure Activity Didn't Show Much Improvement In July

Chicago Foreclosure Activity Didn't Show Much Improvement In July
On Tuesday ATTOM Data Solutions released their July Foreclosure Market Report, pointing out that foreclosure starts for the nation as a whole increased from the previous year for the first time, following 36 consecutive months of decreases. This increase was seen in 44% of the metro areas that they analyze. They provided this heat map... Read more »
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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 »