Tag: foreclosures

Chicago foreclosure inventory fourth-highest nationally

CoreLogic has just released its National Foreclosure Report for April (registration required). According to CoreLogic, Illinois (5.3%) ranked third among the five states with the highest foreclosure inventory as a percentage of all mortgaged homes, trailing Florida (12.0%) and New Jersey (6.7%), and ahead of New York (5.0%) and Nevada (5.0%). Chicago, at 6.3%, had... Read more »

Chicago metro prices down, national prices up per CoreLogic

CoreLogic has released its March Home Price Index report which shows that nationally home prices, including distressed sales, declined on a year-over-year basis by 0.6 percent in March 2012 compared to March 2011. On a month-over-month basis, home prices, including distressed sales, increased by 0.6 percent in March 2012 compared to February 2012, the first... Read more »

Home sales volume up sharply in Chicago metro area

The following market update arrived via a news release from RE/MAX Northern Illinois: A RE/MAX analysis of March home sales activity in the metropolitan Chicago real estate market indicates that the marked increase in home sales activity seen in recent months is beginning to have a positive impact on home prices. According to RE/MAX, combined... Read more »

Foreclosure, delinquency rates rise in Chicago metro area

Foreclosure rates in the Chicago-Joliet-Naperville CMSA have increased for the month of January over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Chicago-Joliet-Naperville area foreclosures among outstanding mortgage loans is 6.35 percent for the month of January 2012, an increase of 0.57 percentage... Read more »

Locking in low housing costs in Oak Park

Condo prices appear depressed in virtually every west and northwest suburban Chicago community. They’ve not only fallen substantially from the prevailing levels in the middle of the last decade. Of greater interest to home buyers, perhaps, is that prices have fallen to the point where the cost of owning a condo is well below the... Read more »

A new owner and new approach for Yorkville's Grande Reserve

Chicago’s far west suburbs saw dozens of large subdivisions offered for sale during the boom years in the early to mid-2000s, and saw all of them flounder to greater or lesser degrees during the housing bust that followed. Grande Reserve, at 1,128 acres was the largest subdivision in Yorkville, and was originally planned to host... Read more »

Chicago area ranks high on CoreLogic foreclosure charts

CoreLogic, in a news release not yet updated to its news page, just announced its first national Foreclosure Report which provides monthly data on completed foreclosures, foreclosure inventory and 90+ delinquency rates. According to the report: Completed foreclosures for all of 2011 totaled 830,000 compared with 1.1 million in 2010. In December 2011 there was... Read more »

A 6-bedroom home in Stone Park in the $60s

If you’re a long-time Chicagoan you may have a mental image of Stone Park that doesn’t match its current circumstances. Stone Park was once one of the poorest municipalities in the Chicago Metro area. That’s no longer the case – half of its households have an annual income in excess of $50,000 and its median... Read more »

A gingerbread Victorian fantasy in Naperville

The 48-unit English Rows development in Naperville is a gingerbread Victorian-lover’s dream come true. It’s a fantasy concoction of a community, complete with English gardens and reflecting and koi ponds. Homes at English Rows were once priced from just shy of $500K to $1.2M. No longer. Recent sales in the project, some of them bank-owned... Read more »

Black days for sellers at Elburn's Blackberry Creek

Five or more years ago the typical 4-bedroom, 2 ½ bath newly-built home in the Blackberry Creek subdivision in Elburn sold in the $300,000 range, plus or minus. Today the typical sale is a foreclosure or short sale at one-third below the 2004-2006 price. A 2,873 square foot, 4-bedroom, 2 ½ bath with a 3-car... Read more »