Morning Minute: Chicago sees a drop in apartment foreclosures

Fewer Chicago apartment buildings are falling into foreclosure, the Chicago Tribune reports today. Last year, there were 2,800 foreclosure cases filed against city apartment buildings, a 30 percent drop compared to the year before. But affordable housing advocates told the newspaper that more needs to be done to enforce ordinances protecting renters when foreclosures do occur. Read more in today’s Chicago Tribune.

In other headlines:

Mortgage rates rise on strong jobs report – Chicago Tribune

Deer breaks into Roscoe real estate office – Rockford Register Star

Where are Baby Boomers moving? Absolutely nowhere – HousingWire

Attention on student loans yields efforts for reform – Chicago Tribune

Amazon and Google as Mortgage Brokers? – NAR Daily Real Estate News

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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.