Posts tagged "negative equity"

Underwater Mortgages And Higher Delinquency Rates

Underwater Mortgages And Higher Delinquency Rates
In case you needed to hear more bad news about the Chicago real estate market two reports came out yesterday that continue to paint a rather grim picture of area homeowners.   46.2% Of Chicago Area Homes Are Underwater Zillow issued their 3rd quarter home value report and it showed that nationally 28.6% of homes... Read more »

39% Of Chicago Homes Underwater

Zillow just released their 4th quarter real estate market report for the nation and the 25 largest metropolitan areas. What it shows is that for the Chicago area 38.6% of all homes are underwater. This data is based upon Zillow’s estimates of home values, which are notoriously inaccurate, but let’s assume that those errors cancel... Read more »