Chicago area foreclosure activity falls to 2008 levels

There’s some good news on the Illinois foreclosure front as foreclosure activity in the Chicago area fell last year to levels not seen in years, the Chicago Tribune reports today in the article, “New foreclosure filings show big decline.”

Last year, overall foreclosure activity in the Chicago area fell to the lowest levels since 2008 and in Cook County new filings were down to 2006 levels, the newspaper reports.

The improving foreclosure picture varies with some neighborhoods and areas seeing faster or slower recovery, but overall the drop in new activity and the fact that more existing foreclosures are working through the system signals some long-awaited good news.

Click here to read the full Chicago Tribune article.

This entry was posted in Consumer Information, Housing Market by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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