Illinois foreclosure inventory still high with softening market conditions

  • Single-family rental growth has slowed in the high-end tier as of May, while the lower end of the market has remained strong throughout the nation, at 5.3 percent annual growth.
  • Illinois foreclosure inventory was at 1.2 percent in June, putting the state in the red for distressed properties.
  • The Home Price Index for Illinois saw a month-over-month increase of 0.6 percent in June and a 3.1 percent annual increase.

CoreLogic’s The MarketPulse for August 2016 reports on the national market and local trends, including a new inside look at the rental sector. Similar to the data company’s CoreLogic Home Price Index (HPI) and CoreLogic Case-Shiller Index, the new Single-Family Rental Index (SFRI) measures the growth of the rental market since January 2007.
Similar to the data company’s CoreLogic Home Price Index (HPI) and CoreLogic Case-Shiller Index, the new Single-Family Rental Index (SFRI) measures the growth of the rental market since January 2007.