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]Bureau of Labor
Mortgages over 90 days past due in Chicago
August 2010: 10.4%
August 2012: 10.2%[2]CoreLogic
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]CoreLogic
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.
