Chicago holds higher percentage of foreclosures compared to rest of state

Chicago saw over 6,000 foreclosures in the past year, CoreLogic says
  • The national foreclosure rate (0.9 percent) is the lowest in nearly a decade.
  • Illinois’ foreclosure inventory reached 1.1 percent of all mortgaged homes as of July.
  • Chicago's foreclosure inventory dropped 32.6 percent annually.

After years of consistent improvements, the national foreclosure rate is at its lowest level in nine years, according to CoreLogic’s July 2016 National Foreclosure Report.