The news about home foreclosures just gets worse by the day.
The city council’s Housing Committee was presented with data on Wednesday that showed that home foreclosures in Chicago soared 46 percent between 2006 and 2007, to 14,250. Among the neighborhoods cited, according to a Sun-Times report: Logan Square, where foreclosures went up 108 percent in the last year, and West Englewood, which had 223 forceclosures per square mile, the city’s highest concentration.
And the numbers from the first two months of this year are even worse, according to Crain’s, which reports that foreclosures throughout Cook County are “on pace to smash last year’s record.”
You can find a great collection of stories and links at the Chicago Bubble Blog.
From the campaign trail:
– “McCain Rejects Broad U.S. Aid On Mortgages”