Tag Archives: unemployment

Porker’s Index III

It’s been a while since I did a Porker’s Index and they’re always fun.

Since I’ve got foreclosures on my mind lately let’s start with…

… not quite what I had in mind.

The Shadow Market

“Shadow market” in terms of home sales refers to incomplete short sales, pending foreclosures, and homeowners who are at least 3 months behind on their mortgage payments.

Unemployment in Chicago
August 2010: 11.4%
August 2012: 10.3%[1]

Mortgages over 90 days past due in Chicago
August 2010: 10.4%
August 2012: 10.2%[2]

Amazing how little has changed over the past two…

Months’ Inventory of Distressed Property, Chicago Metro Region
August 2010: 30.2
August 2012: 19.4[3]

Wait… what?

Moving right along, one of the main problems with distressed properties (short sales, foreclosures, and delinquent mortgages) is people spending too much on their mortgage payments.

Mortgage Overspending (more…)

  1. [1]Bureau of Labor
  2. [2]CoreLogic
  3. [3]CoreLogic