News & trendsMarket conditions

Chicago-area foreclosure rates down sharply

by Joe Zekas on 6/25/13

Foreclosure rates in Chicago-Joliet-Naperville decreased for the month of April 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 was 4.89 percent for the month of April 2013, a decrease of 1.63 percentage points compared to April of 2012 when the rate was 6.52 percent. Foreclosure activity in Chicago-Joliet-Naperville was higher than the national foreclosure rate, which was 2.65 percent for April 2013.

The foreclosure rate measures the percentage of loans in some stage of the foreclosure process.

Also in Chicago-Joliet-Naperville, the mortgage delinquency rate decreased. According to CoreLogic data for April 2013, 9.01 percent of mortgage loans were 90 days or more delinquent compared to 10.62 percent for the same period last year, representing a decrease of 1.61 percentage points.

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{ 4 comments… read them below or add one }

PosterBoy June 25, 2013 at 11:28 AM

Hey Joe,

What happened to the news from around the web?

I miss it.

Reply

Joe Zekas June 25, 2013 at 11:43 AM

PosterBoy,

Gone with the demise of Google Reader. We’ll do a weekly recap.

Reply

PosterBoy June 25, 2013 at 2:07 PM

Oh that’s a shame.

Maybe a community bulletin board?

Reply

tone June 25, 2013 at 6:05 PM

Not particularly surprising.

Reply

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