Friday, October 22, 2010

Foreclosure wave goes upscale :: CHICAGO SUN-TIMES :: Business

CHICAGO STATS click link to read full article:
Foreclosure wave goes upscale :: CHICAGO SUN-TIMES :: Business:
"A report released Thursday by the Woodstock Institute shows that so far in 2010, new foreclosures are increasing fastest in formerly trendy neighborhoods in and near downtown. The numbers also are rising more quickly in the suburbs and the collar counties than in the city itself.

Woodstock found that city neighborhoods with the greatest increases in foreclosures were the Loop, 76.7 percent; the Near South Side, 70.1 percent, and the Near West Side, 63.7 percent. The results are for the first nine months of 2010, compared with the same period last year.

While foreclosures throughout Chicago were up 14 percent for the period, the gains were 49.7 percent in northwest Cook County, 49.2 percent in McHenry County and 44.4 percent in southwest Cook County."

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