Four of the most populated sun belt states account for the highest foreclosure rates in the nation, according to the RealtyTrac mid-year foreclosure market report. California, Florida, Nevada and Arizona urban areas produced 35 of the 50 highest foreclosure rates among metro areas. The report was tabulated from metro areas with populations of at least… Continue reading Sun Belt Leads in Foreclosures
Category: Illinois
Illinois housing market
2018 Predictions for the Illinois Housing Market
Are you interested in buying a new home and don’t know where to start? First time home buyers and experienced buyers alike will have questions any time they choose to invest in a home. The Illinois housing market can sometimes be unpredictable, which makes buying a home a huge risk for many of us. Currently,… Continue reading 2018 Predictions for the Illinois Housing Market
2015 Illinois Housing Market Predictions
If you are interested in the latest information about the Illinois Real Estate, you have come to the right place. After covering the 2014 Illinois Housing Market, we have analyzed current data and prepared housing market predictions for the state of Illinois in 2015. After a barely visible increase of just 0.5% in 2014, the… Continue reading 2015 Illinois Housing Market Predictions
2014 Illinois Housing Market
By the end of 2012, the 2013 Illinois housing market appeared set to experience growth through the year ahead. Predictions appeared moderately optimistic at best. A market analyst interviewed by the Illinois Association of Realtors predicted a slow but steady pace of recovery last year. By and large, his predictions appear to have come to… Continue reading 2014 Illinois Housing Market
Foreclosures Rise 18%
The epidemic of foreclosures is rising, according to newly released figures from RealtyTrac, despite a slight slowdown in activity during the month of May. Year over year foreclosures rose 18%. Foreclosure filings, including default notices, scheduled auctions and bank repossessions were reported on 321,480 properties during the month, a decrease of 6% from April. The… Continue reading Foreclosures Rise 18%
2013 Illinois Housing Market
According to economist Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory and professor of Geography, Economics and Urban and Regional Planning for the University of Illinois, the state should experience home sale price recovery through 2013. In 2012, Illinois Realtor magazine interviewed Hewings regarding the future of Illinois real estate. The magazine asked… Continue reading 2013 Illinois Housing Market
2011 Illinois Housing Market
Troubled by a state economy on the edge, lingering high unemployment and a foreclosure crisis that rivals the most devastated areas in the nation, Illinois is losing residents as they flee high state income and property taxes for greener pastures. The uncertainty of the Illinois economy signals a housing market that has made little progress… Continue reading 2011 Illinois Housing Market
States Rip Off Foreclosure Victims
By Mike Colpitts Almost $1-billion targeted to victims of banking foreclosure fraud is being ripped off from foreclosure victims to be used to pay for other programs for states facing serious financial deficits. The nation’s largest five banks agreed to pay a $25 billion settlement as part of their agreement to settle allegations of illegal… Continue reading States Rip Off Foreclosure Victims
Mortgage Delinquencies Drop Two Straight Months
By Mike Colpitts Mortgage delinquencies fell for the second consecutive month in July and are down 11% for the last year, signaling a major improvement for the U.S. housing market, according to Lender Processing Services. Loans that are 30 days or more past due made up just 7.03% of home mortgages. The decline in late… Continue reading Mortgage Delinquencies Drop Two Straight Months
Top 10 Real Estate College Towns
Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top… Continue reading Top 10 Real Estate College Towns