Tag: Distressed property

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Looking down on River City

Looking down on River City

The faint of heart home buyer might think that the only way to look at River City is down. We did that, but in a more literal way, when snapping t ...
Chicago ranks highest in distressed property sales

Chicago ranks highest in distressed property sales

The following arrived via news release from CoreLogic: Distressed sales (REO and short sales) accounted for 11.4 percent of total home sales in ...
One-third of mortgaged Chicago-area homes are deeply in the red

One-third of mortgaged Chicago-area homes are deeply in the red

Here's some bad news for home buyers who've been expecting rising home values to result in a broader selection of homes coming on the market. A ...
Chicago foreclosures drop sharply as US activity ticks up

Chicago foreclosures drop sharply as US activity ticks up

RealtyTrac has just released its July 2013 U.S. Foreclosure Market Report. The report shows foreclosure filings – default notices, scheduled aucti ...
Foreclosures, shadow inventory in steep decline, Chicago still troubled

Foreclosures, shadow inventory in steep decline, Chicago still troubled

CoreLogic released its May National Foreclosure Report yesterday along with a supplement featuring quarterly shadow inventory data as of April 201 ...
Distressed sales decline sharply in major cities, modestly in Chicago

Distressed sales decline sharply in major cities, modestly in Chicago

Last week the ever-informative Calculated Risk blog posted a table showing the share of the market accounted for by distressed properties, i.e. sh ...
Silly price reductions on an Eastgate Village townhome

Silly price reductions on an Eastgate Village townhome

We last wrote about Eastgate Village, a troubled townhome / condo development on the Near South Side, back in October of 2011. At the time, 26 uni ...
Distressed properties dominate the market in Rogers Park

Distressed properties dominate the market in Rogers Park

Rogers Park developers periodically fall prey to a state of irrational exuberance. The peak of the most recent mania had already passed in May of ...
More new apartments headed for the West Loop

More new apartments headed for the West Loop

In September of 2007 we reported that 75% of the loft condos at 123 N Sangamon in the West Loop were under contract and closings would begin the f ...
Increased competition for distressed properties in downtown Chicago

Increased competition for distressed properties in downtown Chicago

After hearing of a short sale that elicited 33 bids – 22 of them cash offers – within a week, I reached out to Vik Wadhwa of Urban Living to learn ...
River North short sale draws 80 showings, 33 offers in a week

River North short sale draws 80 showings, 33 offers in a week

Well-located, attractively-priced properties, especially if they're distressed, are once again generating a frenzy of activity on the part of buye ...
Illinois foreclosures up 19% year-over-year

Illinois foreclosures up 19% year-over-year

RealtyTrac released its U.S. Foreclosure Market Report for October 2012 yesterday. The report shows foreclosure filings — default notices, schedul ...
Chicago October home sales volume up 50% year-over-year

Chicago October home sales volume up 50% year-over-year

The following market update arrived via a news release from RE/MAX Northern Illinois: The seven-county metropolitan Chicago real estate market ...
Metro Chicago third quarter sales volume highest since 2007

Metro Chicago third quarter sales volume highest since 2007

The following market update arrived via a news release from RE/MAX Northern Illinois: The residential segment of the metropolitan Chicago real ...
Home inventory drops sharply in some Chicago neighborhoods

Home inventory drops sharply in some Chicago neighborhoods

It could be just a case of a spring market up-tick, but a number of neighborhoods have seen the inventory of available homes drop sharply last month. ...
Chicagoland home sales volume up 22 percent in March

Chicagoland home sales volume up 22 percent in March

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 met ...
CoreLogic touts investment returns on single-family home rentals

CoreLogic touts investment returns on single-family home rentals

CoreLogic has just released its April MarketPulse report (pdf), with a raft of statistical data from February and some analytical insights that ar ...
CoreLogic – Chicago-area home prices continue decline

CoreLogic – Chicago-area home prices continue decline

CoreLogic released its February Home Price Index yesterday, and once again the Chicago numbers are down: In the Chicago-Joliet-Naperville area, ...
Chicago-area home sales up 26 percent over last February

Chicago-area home sales up 26 percent over last February

The following market update arrived via a news release from RE/MAX Northern Illinois: Home sales activity in the metropolitan Chicago real esta ...
CoreLogic sees year-over-year decline in January home sales in Chicago

CoreLogic sees year-over-year decline in January home sales in Chicago

According to CoreLogic's March MarketPulse report (PDF), the Chicago-Joliet-Naperville CBSA saw 3,622 home sales in January of 2012, down 10.4% fr ...
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