The Chicago area’s housing market saw the ever-so-small beginnings of a turnaround last year, as excess inventory started to be absorbed and price declines moderated and even showed improvement in some areas. However, there are a number of obstacles to a recovery that need to be watched in 2013, Chicago Tribune reports.
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The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”
Foreclosures rose 13% in October from September, a new foreclosure market report from ATTOM Data Solutions said. Although foreclosures went up in October over the previous month, they were down 17% from a year ago.