Some distress still percolates below the surface in Chicago housing market

Foreclosures down as a whole but pockets of concern remain
  • Chicago is one of the top metros in the nation for seriously delinquent mortgages.
  • The metro also has one of the highest percentages of foreclosure inventory.
  • The country as a whole has largely recovered from the foreclosure crisis.

Even though Illinois does not crack the top of the list for foreclosure activity, Chicagoland itself is close to the top in several categories related to distressed properties. In terms of percentages, Chicagoland is second in two rankings of distress in the country’s largest metros in CoreLogic’s October 2015 report.