Did you know, the Chicago area now has the nation’s largest inventory of foreclosed homes, outpacing Miami, Los Angeles and Phoenix, according to a data compiled by RealtyTrac. Chicago had 118,776 homes owned by a bank or in the process of foreclosure in May. That compares with 86,745 in Los Angeles and 84,600 in New York City- the top three inventories in the nation. According to RealtyTrac, foreclosed properties are selling at a much slower pace in Chicago than most other metro areas. And now you know!

 

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3 Comments on Did You Know with Caruso....

SEP
17
2011
267,897 Points 12 Featured Posts Outside Blog Called Shot Master

Interesting! I didn't know that Chicago beat us out of that position.  Our foreclosures numbers are falling and inventory is at record lows.  We've seen some apprecation on the lower price ranges and some zip codes have seen 1 -3% increases in the mid $500,000 range.  Of course anything over $1 million is a little slower, but I've heard those areas are getting busy.  With interest rates so low, you'd think demand would be even higher!  Best of luck to you!
2:06pm • #1
555,452 Points 31 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Michael,

That is a sad race to win!

Sorry to hear, unless you are an REO listing agent

Phil
2:12pm • #2
SEP
18
2011

With winter not too far away, home sales will probably drop even further in Chicago and other northern cities.
9:22pm • #3


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Michael A. Caruso ~

Laguna Niguel, CA

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Surterre Properties

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