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Foreclosures and other distressed properties continue to weigh down overall Chicago-area home prices. 

It got cheaper to buy a home in Chicago in November. According to the Standard & Poor's Case-Shiller Home Price Index, prices are now back to 2001 levels.

July marked a fourth consecutive month of slight gains in home prices in its surveys covering major cities across the nation, researchers who put together the widely watched S&P/Case-Shiller Home Price Indices just reported.The researchers' 10-city and 20-city composite indexes each rose 0.9 per

The number of homes entering foreclosure in the United States continues to decline. California-based RealtyTrac's monthly report of foreclosure filings shows that foreclosures fell during the month of May and are down 33 percent from the same period one year ago.But Illinois foreclosure activit

Each Monday here on Venture, we aim to give you a headstart on the week's business news in Chicago. We want to get insight into the health of the economy by exploring how people all around us are experiencing it.  

Home values in December fell to their lowest level since prices started to drop in late 2006, according to the Standard and Poor’s Case Shiller Home Price Index. They’ve now slipped all the way back to 2002 levels.Fran Bailey is a realtor with Baird and Warner in Chicago.

Chicago homeowners could see the value of their houses drop another 5.8 percent this year – a bigger drop than the nation as a whole. That forecast comes from Clear Capital, a company that does home appraisals for big banks. Eric Landry is a housing analyst with Morningstar in Chicago.