Tag: Chicago foreclosures

Chicago Foreclosure Activity Not Budging Much

Chicago Foreclosure Activity Not Budging Much
A couple of weeks ago ATTOM issued their Midyear 2021 U.S. Foreclosure Market Report which shows just how little foreclosure activity there is relative to past years. Although it has been trending down for years now it just hit a record low, driven largely by the foreclosure moratorium. Of course, that doesn’t mean that people... Read more »

Chicago Foreclosure Activity Continues To Drift Higher

Chicago Foreclosure Activity Continues To Drift Higher
I had trouble getting the Chicago foreclosure activity data last month since RealtyTrac changed their Web site and no longer provides the data I have been using – at least not for free anymore. However, ATTOM Data Solutions has graciously agreed to continue to provide that data so I was able to catch up this... Read more »

Despite Moratorium Chicago Foreclosure Activity Hits A One Year High

Despite Moratorium Chicago Foreclosure Activity Hits A One Year High
The ATTOM Data Solutions Q1 2021 Foreclosure Market Report released yesterday provided a bit of insight into what is going on with Chicago’s and the nation’s foreclosure activity in the era of a perpetual moratorium on foreclosures. The latest extension of the moratorium moved it out to June 30 but it’s likely to get extended... Read more »
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Chicago Foreclosure Activity Slowly Drifting Up But Remains Low

Here’s just a quick update on Chicago foreclosure activity. Remember that, for all practical purposes, we are in the middle of an indefinite moratorium on foreclosures. It keeps getting extended because of all the people left unemployed from the pandemic. So it’s no surprise that every month the answer is pretty much the same, though... Read more »

Tenth Month Of Record Low Chicago Foreclosure Activity

Tenth Month Of Record Low Chicago Foreclosure Activity
The January 2021 U.S. Foreclosure Market Report from ATTOM Data Solutions came out last week along with updated numbers for RealtyTrac (owned by ATTOM). The Biden administration also just extended the foreclosure moratorium and forbearance program through June. Nationwide foreclosure activity is still down around 80% from last year. As Rick Sharga, RealtyTrac executive vice... Read more »

Small Signs Of Chicago Foreclosures Picking Back Up

Small Signs Of Chicago Foreclosures Picking Back Up
Late last week ATTOM Data Solutions released their Year-End 2020 U.S. Foreclosure Market Report and updated their RealtyTrac data. As seen in the graph below both the number of foreclosure filings and the foreclosure rate for the US hit a 16 year low last year. It’s no surprise since those numbers have been coming down... Read more »
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Pulsenomics & Zillow: Expert Home Price Forecast Gets Even Better

Pulsenomics & Zillow: Expert Home Price Forecast Gets Even Better
As the Case Shiller index proved last week home prices across the nation, along with the Chicago metro area, have been taking off recently, with appreciation rates hitting multi-year highs. So, when Zillow and Pulsenomics recently did their 4th quarter survey of real estate experts it was no surprise that their national home price forecast... Read more »

There Just Aren't That Many Foreclosures In Chicago...For Now

There Just Aren't That Many Foreclosures In Chicago...For Now
Late last week ATTOM Data Solutions released their November 2020 U.S. Foreclosure Market Report which continued to show an 80% decline in activity from last year due to the pandemic motivated foreclosure moratorium in place. That FHFA moratorium continues to get extended and is currently in place until January 31, 2021. It’s worth noting that,... Read more »

Chicago Foreclosure Activity Stalled While We Wait For Dam To Break

Chicago Foreclosure Activity Stalled While We Wait For Dam To Break
The latest Foreclosure Market Report for October from ATTOM Data Solutions showed a 20% increase in US foreclosure activity from September. However, that number is still 79% below last year’s level because foreclosure activity continues to be severely depressed by the government imposed moratorium on foreclosures to mitigate the problems caused by Covid-19. Rick Sharga,... Read more »
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Chicago Foreclosure Activity Remains Depressed Despite High Delinquencies

Chicago Foreclosure Activity Remains Depressed Despite High Delinquencies
Last week ATTOM Data Solutions released their Q3 2020 Foreclosure Market Report in addition to updating their RealtyTrac data. As has been the case for several months now foreclosure activity is pretty much at a standstill as a result of the pandemic induced foreclosure moratorium. This is true both for the city of Chicago and... Read more »