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