Archive for RealtyTrac

RealtyTrac: U.S. Foreclosures Down in April

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 144,790 U.S. properties in April, a decrease of 5 percent from the previous month and down 23 percent from April 2012, according to the RealtyTrac® April 2013 U.S. Foreclosure Market Report™. Total foreclosure activity also hit its lowest level since February [Read More]

May 21, 2013 | Author: admin | Comments: (0) | Categories: Economy, Economy AOI

Illinois Foreclosure Activity Still Among the Highest in the Nation

RealtyTrac’s quarterly U.S. Foreclosure Market Report™ for March and the first quarter of 2013 showed a 1 percent decrease in foreclosures nationally from the previous month and a 23 percent decrease from March 2012. The decrease in March helped drop first quarter foreclosure numbers to the lowest level since the second quarter of 2007. Foreclosure [Read More]

April 25, 2013 | Author: admin | Comments: (0) | Categories: Economy, Economy AOI, Featured

Illinois Foreclosure Rate Increases in November

Residential foreclosure rates in Illinois rose in November, but are still on the decline compared to October’s numbers. One out of every 392 Illinois homes has a foreclosure filing, which is the third highest foreclosure rate in the country, according to RealtyTrac, Inc. On a national level, the number of foreclosure filings fell 3 percent [Read More]

December 16, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Economy, New Homes, Single Family Homes

Discounts on Foreclosed Homes are Decreasing

Foreclosed homes may no longer be a bargain. In September, the average discount on a foreclosed home was only 8 percent below market value, according to Zillow. The average discount in 2009 was 24 percent below markdown, making this change yet another sign that the Chicago real estate market is recovering. One of the causes [Read More]

November 18, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: City of Chicago, Cook County, Economy, Locations, New Homes, Single Family Homes

Chicago Foreclosure Rate Increases

The Chicago foreclosure rate has increased 34 percent in recent months, according to RealtyTrac, a website that lists distressed properties. Real estate in Chicago had the ninth-highest foreclosure rate in the U.S. with a total of 38,667 foreclosure filings in the area. Though this number may seem alarming, RealyTrac believes the high rates could be [Read More]

October 30, 2012 | Author: Jessica Thom | Comments: (0) | Categories: Chicago Real Estate News, Cook County, Economy, Locations, Mortgages, New Homes, Single Family Homes

National Foreclosure Rates at a Five Year Low

Yesterday we reported that the foreclosure process for real estate in Chicago takes an average of two years. And, while the state of Illinois has recently been experiencing higher than average foreclosure rates, the good news is that the overall national foreclosure rates is at its lowest level since 2007. According to RealtyTrac, September foreclosure rates [Read More]

October 16, 2012 | Author: Jessica Thom | Comments: (0) | Categories: Chicago Real Estate News, Economy, Mortgages, Single Family Homes

Chicago Property Flipping on the Rise

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 [Read More]

October 15, 2012 | Author: Jessica Thom | Comments: (0) | Categories: Chicago Real Estate News, Cook County, Economy, Featured, Locations, Remodeling, Single Family Homes
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