Posts tagged "foreclosures"

Foreclosure Process Slows Down Once Again

Foreclosure Process Slows Down Once Again
One of the problems plaguing the housing market is a large backlog of foreclosures – the shadow inventory. For numerous reasons it has been taking forever for this foreclosure backlog to clear. Every month when RealtyTrac releases their monthly foreclosure market report they lament the fact that the process takes so long and that we... Read more »

CoreLogic: Shadow Home Inventory Down 28% From 2010 Peak

CoreLogic: Shadow Home Inventory Down 28% From 2010 Peak
One of the characteristic features of the bursting of the housing bubble has been the incessant hand wringing of the housing bears over the shadow inventory – the inventory of homes that are either seriously delinquent, in foreclosure, or already owned by lenders, but not yet listed for sale. The concern has been that this... Read more »

Chicago Foreclosure Activity May Be Trending Downward

Chicago Foreclosure Activity May Be Trending Downward
For the first time this year it appears that maybe Chicago foreclosure activity is beginning to trend downward. This according to the most recent data released by RealtyTrac as part of their November Foreclosure Activity Report. In the graph below, compiled from previous RealtyTrac releases, you can see that defaults and even bank repossessions have... Read more »
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14,000 Chicago Pre-Market Foreclosures Now Listed On Zillow

14,000 Chicago Pre-Market Foreclosures Now Listed On Zillow
If you’ve ever tried to get information on foreclosures that are not on the market before you know how difficult it can be. A realtor can get some of the information for you or you can buy a subscription to a special database. But just yesterday Zillow introduced a new feature on their Web site... Read more »

Shadow Inventory Of Distressed Homes Continues Decline

Shadow Inventory Of Distressed Homes Continues Decline
Yesterday I posted on the latest foreclosure activity for Chicago and the nation. However, a few days earlier CoreLogic released their shadow inventory report for July and the second quarter and it shows a continued decline in the number of homes that are either seriously delinquent, in foreclosure, or owned by banks. As you can... Read more »

5 Year Low In Foreclosure Activity But Not In Chicago

5 Year Low In Foreclosure Activity But Not In Chicago
With today’s release of RealtyTrac’s September foreclosure activity report you will see headlines claiming that we just saw a 5 year low – but that’s at the national level. Meanwhile, all you have to do is look at the long term chart below for Chicago foreclosure activity and you can see that it’s anything but... Read more »
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Continued Positive Signs In Chicago's Real Estate Market In May

Continued Positive Signs In Chicago's Real Estate Market In May
According to several measures that I track the Chicago real estate market continued to show signs of real strength in May. May Home Sales For Chicago These are the numbers that the Illinois Association of Realtors reports but if you read this blog you get these numbers 2 weeks earlier than everyone else. In May... Read more »

Chicago Foreclosure Activity Declining Again

Chicago Foreclosure Activity Declining Again
RealtyTrac released their April Foreclosure Market Report yesterday and it shows a continued decline in activity for the nation as a whole. Foreclosure activity in Chicago continues in a general decline for the third month in a row after trending upwards for 6 months. Declines were experienced across the board in default notices, bank repossessions... Read more »

RealtyTrac's March Foreclosure Report: Chicago Static

RealtyTrac's March Foreclosure Report: Chicago Static
RealtyTrac’s March Foreclosure Report just came out and it shows fairly static foreclosure activity for Chicago in March vs. February. It’s hard to tell from the graph below but bank repossessions were actually down a bit, offset by increases in default notices and auctions. The foreclosure report focuses on the first quarter and at the... Read more »
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Maybe The Chicago Housing Market Isn't So Fragile After All

Yesterday I posted on the Treasury Department report on the Chicago housing market which characterized the market as “fragile”. However, that report seemed to focus on the hardest hit parts of this market and the most distressed homeowners. It makes sense, given their agenda. However, now that I’ve pulled the March transaction activity for Chicago... Read more »
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    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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