Many Cook County homes are being property flipped once again. According to RealtyTrac, more than 1,067 homes in the Chicago metro area were flipped during the first six months of 2012. This is a 30 percent increase from 2011. While the re-growth in property flipping still hasn’t reached 2010 levels, home prices remain low, which …
The experts predicted it would get worse. They said distressed homes would bombard the market like waves crashing along Lake Shore Drive, pummeling the Chicago real estate market with foreclosures. The outlook was bleak and the housing market seemed doomed to stay in the mire of upside-down mortgages and a stagnant housing recovery. Sometimes though, …
Foreclosures Decrease in First Quarter Across U.S. Read More »
The U.S. foreclosure rate has seemed to slow down, but according to experts, that’s about to change. This week, RealtyTrac released its U.S. Foreclosure Market Report for the third quarter of 2011 to show that foreclosure filings rose less than 1 percent from the previous quarter and are 34 percent lower than the third quarter …
Illinois Foreclosure Rate Still Above National Average Read More »
The amount of foreclosures in the Chicago area, in Illinois and across the country went up and went down last month, according to RealtyTrac. Let me explain. According to the group’s latest report, the number of metro Chicago homes that received foreclosure filings in June was 9,870. While that is a 2.3 percent increase from …
This foreclosure report is all over the place. RealtyTrac has released its U.S. Foreclosure Market Report for the first quarter of the 2011 to show that foreclosure filings fell 15 percent from the last quarter of 2010 and 27 percent from the first quarter of 2010. Yay! Locally, however, the picture isn’t as pretty. In …
Illinois saw a huge drop in the number of homes that received a foreclosure filing last month. We’re going to call that a sign of recovery, even if the critics don’t. The foreclosure rate in Illinois fell a whopping 44.6 percent to 9,592 in February 2011 compared February 2010. That is a 27.1 percent drop …
