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Real estate in Kolkata plays a significant role in Indian economy. Here, residential real estate comprises of villas, apartments and flats. In the past couple of years, the demand for both residential and commercial property has witnessed a considerable rise.

The government-supported distressed property flipping effort in several Illinois areas has picked up. The program was launched to prevent neighborhood blight among areas with high foreclosure levels.

As the foreclosure crisis rages on, more foreclosed commercial and residential properties are being added to the state's growing list of repossessed properties. Unfortunately, no one is immune from such pitiful situation.

Sheriff Sales and foreclosure sales declined in Illinois in 2010. Analysts are considering the effect of a tax hike on an industry experiencing sales declines.