The nation’s negative equity situation remains inflated, but progress has definitely been made.
Though negative equity remains high in Chicagoland, it has made quite a bit of progress in the last year, according to the latest Equity Report from CoreLogic.
In the third quarter of 2013, CoreLogic found, 20.5 percent of mortgage properties in Chicagoland were in negative equity. That’s still the fifth highest in the nation, but is down from 33.3 percent in 2012’s fourth quarter, which is a decline of more than 38 percent.
But how does our local market compare with the rest of the nation? See our graphic below to find out: