Tag: Short sales

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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 ...
Chicago-area sales volume, prices up sharply year-over-year

Chicago-area sales volume, prices up sharply year-over-year

Chicago-area sales volume increased 21% year-over-year in January 2014 and the median sales price increased 17%, to $175,000 according to RealtyTr ...
Sellers taking losses at Jefferson Tower

Sellers taking losses at Jefferson Tower

The Fulton River District was still a new neighborhood, but it had become relatively established by the time that Jefferson Tower, 200 N Jefferson ...
Foreclosures less of a market factor nationally, still high in Illinois

Foreclosures less of a market factor nationally, still high in Illinois

RealtyTrac today released its Q1 2013 U.S. Foreclosure & Short Sales Report, which shows that a total of 190,121 U.S. properties in some stage of ...
Are there deals to be had at Printers Row Lofts?

Are there deals to be had at Printers Row Lofts?

Printers Row Lofts is an 8-story, 138-unit loft building at 732 S Financial Pl in the South Loop. The building, which is on the National Register ...
CoreLogic – Rising home prices put upward pressure on rents

CoreLogic – Rising home prices put upward pressure on rents

Yesterday CoreLogic released its April MarketPulse Report (PDF, free registration required). The report includes a discussion of housing's anticip ...
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 ...
Foreclosures, short sales were 43 percent of 2012 US sales

Foreclosures, short sales were 43 percent of 2012 US sales

RealtyTrac today released its Year-End and Q4 2012 U.S. Foreclosure and Short Sales Report, which shows a total of 947,995 U.S. properties in some ...
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 ...
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 ...
Nearly 1 in every 4 Illinois sales foreclosure-related

Nearly 1 in every 4 Illinois sales foreclosure-related

RealtyTrac released its Q3 2012 Foreclosure & Short Sales Report yesterday. In, Q3 24% of Illinois sales, or nearly in every 4, were foreclosure-r ...
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 ...
Price collapse continues at colorful Catalpa Gardens

Price collapse continues at colorful Catalpa Gardens

The three blue and gold 11-story towers of Edgewater's Catalpa Gardens make a colorful statement up close and from a distance. The 126-unit comple ...
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 ...
The exit line from a Rogers Park condo – Check, please

The exit line from a Rogers Park condo – Check, please

Six and a half years ago we were reporting at length on a condo boom and a lagging retail scene in Rogers Park. Our story led and ended with an en ...
Is $14,500 the right price for a 3-bedroom in Terror Town?

Is $14,500 the right price for a 3-bedroom in Terror Town?

Unit 1S at 7708 S Essex Ave is a 3-bedroom, 2-bath duplex that's listed as 3,300 square feet and described as "completely remodeled with all stain ...
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. ...

Is short sale fraud on the increase?

This morning's email brought the following from a local Realtor: Meet the latest in shady practices - the short sale come-on tease. These are listi ...
Distressed sales up sharply in Chicago over 4 years ago

Distressed sales up sharply in Chicago over 4 years ago

Four years ago in January, 3% of all closed sales in Chicago were lender-owned foreclosures and 1% were short sales. A short sale, as many of ...
Bleak November Chicago housing numbers from CoreLogic

Bleak November Chicago housing numbers from CoreLogic

The CoreLogic Market Pulse report for November (PDF) just became available and the Chicago numbers aren't pretty. For the Chicago-Joliet-Naperv ...
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