According to the Chicago Tribune, foreclosure filings in the Chicago area increased 30% from September to October, but remain well below year ago levels.

Overall foreclosure activity in the Chicago area dropped for the eleventh consecutive month, falling 5 percent in October from a month earlier and 35 percent from a year earlier.

Nationally, October foreclosure activity declined 28 percent from a year ago, but rose 2 percent from September, largely because of a 10 percent increase in scheduled auctions in states where courts process foreclosure cases.

About the Author

Most Popular Articles

Housing market flashing recession signal

The housing market is signaling there will be an economic recession by the 2020 election, according to Benn Steil, director of international economics at the Council on Foreign Relations.

Oct 11, 2019 By

Latest Articles

Foreclosure activity drops to lowest level since 2005

Foreclosure activity sank in the third quarter of 2019, dropping to the lowest level in nearly 15 years, according to the latest report from ATTOM Data Solutions. Foreclosure activity in the third quarter fell 19% from a year ago to the lowest level since the second quarter of 2005, a 13-year low.

Oct 16, 2019 By