Chicago Foreclosures Aren't Stopping

Chicago foreclosure auctions hit a highOn the heels of some positive reports about Chicago's housing market, including the surge of home sales in March, that nasty, little word "foreclosure" is back.

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.
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