Chicago Foreclosures Aren't Stopping
We've discovered this month that Chicago renters were harder hit than homeowners in the housing crisis, foreclosure auctions are hitting an all-time high, and foreclosures are wreaking havoc for the city's Census workers besides.
But as you know, the housing market is cyclical, and better days are on the horizon: especially if, as it's been reported, Chicago Cubs' owners are trying to invest in Wrigleyville bars and a cluster of cupcake shops are enlivening the real estate market.
Here's what's happening in Chicago foreclosure news:
- A new report reveals that more than 100 apartment buildings foreclosed each week in 2009 and renters fared worse than homeowners. [Chicago Sun-Times]
- Chicago foreclosures are causing a mess for Census workers. [HousingWatch]
- Chicago-area foreclosure auctions hit an all-time high. [The Chicago Tribune]
- Sources say that the Ricketts family, who own the Chicago Cubs, are investing in rooftops outside the stadium and made an offer on a nearby Wrigleyville bar in foreclosure. [Fox Chicago News]
See homes for sale in Chicago, Ill. at AOL Real Estate.