Housing Market

File Photo Of Foreclosure Sign (AP Photo)

South Suburban Company Transforms Foreclosures Into Rentals

Jim McClelland’s company has bought more than 1,000 foreclosed houses, renovated them and rented them out to new tenants.


Romeoville residents Robert and Marcella Jones say too many homes in their neighborhood are for sale or in foreclosure and many owners are just walking away from their mortgages. (Credit: CBS)

Expert: Better Housing Market Requires Changed Attitudes

A real estate expert says homeowners should change their attitudes about the housing market.

WBBM Newsradio–08/01/2011

Home Foreclosure (Photo by Joe Raedle/Getty Images)

Foreclosures Down, But Housing Market Isn’t Recovering

Home foreclosures in Illinois and nationally dropped nearly 30 percent in the first half of this year. But the experts say it’s not because of an improving housing market.