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CoreLogic: Chicagoland Foreclosure Inventory Down 38% in January

by Peter Thomas Ricci

Our fine metro area continued to make progress through its foreclosure inventory in 2013, according to new analysis.

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Foreclosure inventory in Chicagoland is down a whopping 38 percent year-over-year through January, according to the latest National Foreclosure Report from data firm CoreLogic.

Other notable findings from the report included:

  • Foreclosure inventory in Chicagoland is now 3.4 percent of mortgaged properties, down from 5.5 percent a year ago.
  • There were 14,718 completed foreclosures in the 12-month period ending in January; that was the third most among the metro areas tracked by CoreLogic.
  • Finally, the area’s serious delinquency rate remains relatively high at 7.4 percent.

How does the rest of the nation compare with our local progress? See our graphic below to find out:

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