By Jacqueline Beardsley ARE FORECLOSURES ON THE RISE? All real estate is local, every town, city and state will have different market stats. In DuPage County certain areas are already starting to shift into what is a more ' normal market '. The market craze that we've been experiencing has led some to wonder if we're headed for another market crash. Today's market compared to that of 2008 is one free of risky subprime lending. Buyers have to meet the credit score and stay within budget which is showing historically low default rates along with historically low foreclosure sales activity. Additionally, we don't have massive overbuilding by home builders and consequently no over supply. These factors imply today's home prices are on very solid ground, not the condition of 2008. From January 1, 2024 - November 18th 2024, Naperville 's closed sales for detached and attached homes combined totaled 1,704 units with an AMT (Average Market Time) of 28 days...
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