An interesting review of the Chicago home market. Lucid Realty has provided some insight into the latest market data provided by Realty Trac. Lucid, in their Getting Real newsletter, has been a leader in understanding and interpreting property data from Chicagoland home sales.
RealtyTrac Market Report: Chicago Foreclosures Bottoming Out In August
Article by Gary Lucido, Getting Real, September 17, 2015 Original Article. RealtyTrac just released their August Foreclosure Market Report and the data for Chicago shows a continued decline in foreclosure activity but also a bottoming in the shadow inventory. It’s hard to see in the graph below but defaults, which initiate the foreclosure process, are near an all time low and bank repossessions just plummeted to… Read more »