Tag: Distressed property
![Looking down on River City Looking down on River City](https://i.yochicago.com/images/hpmain/077/295077.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/958/294958.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/744/285744.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/300/286300.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/202/282202.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/202/282202.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/196/287196.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/030/287030.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/978/286978.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/916/286916.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/895/286895.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/300/286300.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/837/285837.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/752/282752.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/485/284485.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/709/283709.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/453/260453.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/472/283472.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/233/283233.jpg?preset=yosize)
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](https://i.yochicago.com/images/hpmain/284/282284.jpg?preset=yosize)
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 [...]