Urban Real Estate

Chicago's Foreclosures Return to Pre-Crash Levels

Chicago's Foreclosures Return to Pre-Crash Levels

The latest data shows that Chicago's housing market has largely returned to it's pre-crisis level, with foreclosures representing a very small component of the overall market.

Only eight of the Chicago-area's 250 zip codes had more than a very small percentage of their houses in foreclosure last month, largely concentrated in the south suburbs. In 98 of those zip codes, there were no homes in foreclosure.

A total of 5,290 homes in the area were in some stage of foreclosure in February, down more than 9 percent from the previous year when Chicago had the third-highest rate of foreclosure activity in the country. 


Read more at Crain's Chicago Business here.