Geoff Smith and Sarah Duda
This report summarizes key
foreclosure trends in the Chicago region for 2008
and updates Woodstock Institute reports and fact sheets
released previously that illustrated key aspects of the foreclosure
crisis such as the spread of the crisis to
suburban communities, the potential impact of the foreclosures
on Chicago’s
affordable rental housing market, and the growing number of foreclosures that
were becoming bank-owned properties and likely
sitting vacant. The report includes detailed appendices with data
for City of Chicago community areas
and municipalities in the Chicago Six County Area.