Posts tagged "underwater mortgages"

Many Chicago Area Homeowners Still Underwater On Mortgages

Many Chicago Area Homeowners Still Underwater On Mortgages
Last week ATTOM data solutions, the parent of RealtyTrac, came out with their Q2 2017 U.S. Home Equity & Underwater Report that looks at how well the nation’s homeowners are doing with respect to the equity in their homes. As you no doubt know home equity is a substantial portion of the net worth of... Read more »

Negative Equity In The Chicago Area Real Estate Market

Negative Equity In The Chicago Area Real Estate Market
Last week I posted on how the real estate market in the Chicago area could not possibly be in a housing bubble since it hasn’t fully recovered from the last bubble. Many area homeowners are still underwater on their mortgages, which means they owe more than their home is worth- i.e. they have negative equity.... Read more »

Zillow: 38% Drop In Chicago Area Underwater Homes

Zillow: 38% Drop In Chicago Area Underwater Homes
I swear it’s just a coincidence that this is my third blog post in a row based upon some Zillow press release. They’ve had some interesting press releases lately – this time regarding their third quarter Negative Equity Report, which looks at the percentage of homes that are underwater on their mortgage – i.e. the... Read more »
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Treasury Department Spotlight On Chicago Housing Market

Treasury Department Spotlight On Chicago Housing Market
On Friday the Treasury Department came out with their March Housing Scorecard with a Spotlight on the Chicago Housing Market for 14 area counties in 3 states. The headline of the report is that the Chicago housing market is more challenged than the nation as a whole and, while it showing some signs of recovery,... Read more »

2 Million Homeowners Underwater By More Than 50%

Yesterday I posted on the huge shadow inventory of homes in Chicago and the nation. However, CoreLogic also reported on an even bigger threat to the recovery of the housing market in the form of homeowners who are seriously underwater on their mortgages. The number they reported is staggering: In addition to the current shadow... 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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