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Report Shows Chicagoland Foreclosures Down Significantly

by James F. McClister

Chicagoland foreclosures remain above national rates, but down significantly from 2013.

In January 2013, Chicagoland foreclosure and 90-plus day delinquency rates were nearly double what they are today, confirmed CoreLogic in its latest report.

Over the past 18 months, foreclosures in the city have continued dropping dramatically. However, the city’s July rate, which stood at 2.66 percent, was still a point over the 1.66 percent national average.

The number of 90-plus day delinquencies has also dropped, falling more than 2 percent year-over-year from 8.56 percent to 6.39 percent.

Check out our graph below, compiled using CoreLogic data, to see the full extent of the Windy City’s progress.

Foreclosures90+DayDelinquencies

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