Tag: Distressed property
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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 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
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
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 [...]