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Housing and Foreclosure Resources

Housing Market Conditions

Introduction

June 2012 | March 2012

U.S. | Arkansas | Illinois | Indiana | Kentucky | Mississippi | Missouri | Tennessee

 

Seriously Delinquent Mortgages by Zip Code

June 2012

Map key Seriously Delinquent Mortgages by Zip Code

Source: Lender Processing Services

In June 2012, 9.7 percent of loans in Illinois were seriously delinquent (delinquent 90 days or more, or in foreclosure). The national rate stood at 7.2 percent.

 

Change in Seriously Delinquent Mortgages by Zip Code

March 2012 to June 2012

Map key for change in Seriously Delinquent Mortgages

Source: Lender Processing Services

The share of seriously delinquent loans decreased 11 basis points (bps) in Illinois between March 2012 and June 2012. Loans that were delinquent 90 days or more increased 16 bps; foreclosures decreased 27 bps.

 

Top 10 Zip Codes with Mortgages Under Stress

Zip Code CBSA or County Seriously Delinquent Mortgages
60636 Chicago-Joliet-Naperville, IL-IN-WI 28.3%
60153 Chicago-Joliet-Naperville, IL-IN-WI 26.6%
60409 Chicago-Joliet-Naperville, IL-IN-WI 26.1%
60419 Chicago-Joliet-Naperville, IL-IN-WI 26.0%
60827 Chicago-Joliet-Naperville, IL-IN-WI 25.7%
60426 Chicago-Joliet-Naperville, IL-IN-WI 25.2%
60466 Chicago-Joliet-Naperville, IL-IN-WI 24.6%
60804 Chicago-Joliet-Naperville, IL-IN-WI 24.6%
60644 Chicago-Joliet-Naperville, IL-IN-WI 24.4%
60104 Chicago-Joliet-Naperville, IL-IN-WI 24.4%

Note: Zip codes with less than 0.15% of total loans in the state were not included in this analysis. For the state of Illinois, the cutoff is 2,317.
Source: Lender Processing Services

 

House Prices

House Prices Illinois

Source: Federal Housing Finance Agency Seasonally Adjusted Expanded HPI

In the second quarter of 2012, house prices in Illinois were 0.4 percent higher than the first quarter and 2.1 percent lower than the second quarter of 2011.

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