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Forclosure Rates Are Way up Nationally and in Illinois Since Last Year

November 13th, 2008 · No Comments

Forclosure in October ,Nationally, were 25% higher in 2008 than in October 2007.

More than 279,500 U.S. homes received at least one foreclosure-related notice in October, an increase of 5 percent over September. One in every 452 housing units received a foreclosure filing, such as a default notice, auction sale notice or bank repossession.

In Illinois, 12,681 homes got a foreclosure-related notice last month, up 24.3 percent from September and up 31.1 percent from October 2007.
Source

Tags: Chicago Real Estate News · Foreclosures · General Real Estate Data · Illinois Real Estate Data · Real Estate News

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