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Foreclosure Watch

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Initial foreclosure filings in the six-county Chicago area fell 36% year-over-year in the first half of 2013 (39% in the city), according to data compiled by Woodstock Institute. That's the best half-year logged since 2007 and a signal that the back end of the foreclosure process (auctions) may do better in keeping up with the pace of new arrivals. Oh, and fewer hard-working folks will lose their homes. Still, that common refrain: The housing market is on the mend, but still has a ways to go. [Trib]