Tag: Chicago foreclosures

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 »

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 »
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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 »

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 »
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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 »

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 »
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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 »