Lakeshore Analytics

Short sales slow to catch up to foreclosures

The recent CoreLogic report mentioned yesterday also included some interesting graphs on short sales and REO (foreclosure) sales. This first chart shows the percentage of all sales that are REO or short sales. Banks are increasingly willing to negotiate short sales, which are now about 7 percent of total sales. But this still pales in [...]

Chicago sees slower population decline in ’09

The Chicago-Joliet-Naperville metropolitan area lost 40,000 residents in 2009, compared to over 77,000 residents in 2006, new Census data show. The data shows a broader pattern of people moving away from sunbelt cities like Orlando, Las Vegas, and Phoenix, which had seen population increases last decade. New York, Washington, D.C., Boston, and Pittsburgh join Chicago [...]