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In June 2016, 3.13 percent of loans in Illinois were seriously delinquent (delinquent 90 days or more or in foreclosure). The national rate stood at 2.89 percent.
March 2016 to June 2016
The share of seriously delinquent loans decreased 27 basis points (bps) in Illinois between March 2016 and June 2016. Loans that are delinquent 90 days or more decreased 10 bps; foreclosures decreased 17 bps.
Second Quarter 2016
In the second quarter of 2016, house price indices for Illinois were 0.9 percent higher (FHFA) and 2.0 percent higher (CoreLogic) than in the first quarter of 2016. Since the second quarter of 2015, house price indices were 4.1 percent higher (FHFA) and 3.2 percent higher (CoreLogic).
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Bill Emmons, an assistant vice president and economist at the St. Louis Fed, analyzes the quarterly Housing Market Conditions report.