Quick Monday: Chicago real estate round-up

Distressed property sales increase in March 2011

[National Real Estate Investor]

Thirty-percent of all home sales in March 2011 were due to distressed property sales, a large jump compared to February, according to Moody’s/REAL National All Property Price Index. While this means lenders and investors are realizing losses on their distressed assets, all other properties on the market – particularly luxury ones – are showing signs of increasing in price.

Other Top News:

Spike in vacant south suburban homes, according to 2010 census [Chicago Sun-Times]

Two real-estate boards merge [Realty & Investments]

Aqua Skyscraper in Lakeshore East wins design award [PRWeb]

Foreclosures account for 29% of Q1 IL home sales [Chicago Tribune]

Magellan gets a construction loan for development on the Chicago River [ChicagoRealEstateDaily.com]

Chicago Housing Authority wants to require drug testing for residents [Chicago Sun-Times]

Even as foreclosure sales fall, prices continue to drop [Chicago Sun-Times]

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