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CoreLogic: Chicagoland Foreclosure Inventory Down 38%

by Peter Thomas Ricci

Chicagoland’s foreclosure inventory continues to improve, according to the latest research by CoreLogic.

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Chicago: Chicagoland’s foreclosure marketplace continued on the path to recovery at the end of 2013, according to CoreLogic’s latest National Foreclosure Report.

In Dec. 2013, 3.6 percent of Chicagoland’s mortgaged properties were in foreclosure; though that’s still high compared to the national average, that’s down 2.1 percentage points (or a whopping 38 percent) from 12 months ago, and the area’s 16,513 completed foreclosures in that same time span were good for the third best in the nation.

Still, 7.6 percent of mortgaged properties were in serious delinquency, so we’re not quite out of the woods yet.

Interested in how Chicagoland’s numbers compare with the rest of the nation? Take a look at our infographic below for an idea:

Miami: Florida’s foreclosure marketplace continued on the path to recovery at the end of 2013, according to CoreLogic’s latest National Foreclosure Report.

In Dec. 2013, 6.7 percent of the Sunshine State’s mortgaged properties were in foreclosure; though that’s still the highest in the nation, that’s down 3.6 percentage points (or a whopping 35 percent) from 12 months ago, and the state’s 119,000 completed foreclosures in that same time span were good for the best in the nation.

Still, 11.2 percent of mortgaged properties were in serious delinquency, so we’re not quite out of the woods yet.

Interested in how Florida’s numbers compare with the rest of the nation? Take a look at our infographic below for an idea:

Houston: Houston’s foreclosure marketplace continued to improve at the end of 2013, according to CoreLogic’s latest National Foreclosure Report.

In Dec. 2013, just 1.0 percent of the Bayou City’s mortgaged properties were in foreclosure; not only is that less than half of  the national average, but it’s also down 0.2 percentage points (or 16 percent) from 12 months ago, and the area’s 9,718 completed foreclosures in that same time span were good for the sixth best in the nation.

And though 3.5 percent of mortgaged properties were in serious delinquency, that’s also below the national average.

Interested in how Houston’s numbers compare with the rest of the nation? Take a look at our infographic below for an idea:

Atlanta: Atlanta’s foreclosure marketplace continued to barrel on through the path to recovery at the end of 2013, according to CoreLogic’s latest National Foreclosure Report.

In Dec. 2013, just 1.4 percent of Atlanta’s mortgaged properties were in foreclosure; not only is that below the national average, but it’s also down 0.6 percentage points (or 30 percent) from 12 months ago, and the area’s 20,584 completed foreclosures in that same time span were good for the best in the nation.

Still, 5.3 percent of mortgaged properties were in serious delinquency, so we’re not quite out of the woods yet.

Interested in how Atlanta’s numbers compare with the rest of the nation? Take a look at our infographic below for an idea:

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