Chicago still ranks high in foreclosures

Chicago ranked fourth among the 25 largest US metro areas in the percentage of mortgaged homes in foreclosure in January, according to data recently released by CoreLogic. The percentage of Chicago-area homes in foreclosure, 3.4%, declined a modest 2.1% year-over-year.

Another index that housing troubles are not yet behind us is that 7.4% of Chicago-area mortgages were seriously delinquent in January, the sixth-highest rate among large metro areas.

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