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Foreclosure activity is at the lowest level in over a decade

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This is the lowest level since the fourth quarter of 2005, marking a nearly 13-year low. According to ATTOM data solutions senior Vice President Daren Blomquist, a decade after poorly underwritten mortgages triggered a housing market crash, it’s clear that the foreclosure risk associated with those problem mortgages has faded.

Foreclosure filings in the U.S. have remained below pre-recession levels for the past 18 months. Properties with foreclosure proceedings started was up 4 percent last quarter but down 19 percent from a year ago, according to a Thursday news release from Attom Data Solutions, a national property database.

"Most areas of the country are seeing at least some increase in foreclosure activity. households had the lowest rate of all, followed by Allentown, Pa. (one for every 972) and Syracuse, N.Y. (one.

New-home sales climb for a third straight month in March 1 of 2 Sales of new homes in the United States forged higher for the third straight month in March, hitting the fastest pace since July, the Commerce Department reported. The acceleration came as.

June Foreclosure Activity Drops to Lowest Level Since November 2005 There was a total of 73,828 U.S. properties with a foreclosure filing in June 2017, down 9 percent from the previous month and down 22 percent from a year ago to the lowest level since November 2005.

Bank repossessions, known as real-estate owned or REOs, fell on a monthly and annual basis to the lowest level since march. loans move through the foreclosure process over the next few months,”.

Good/Bad Housing Markets In 2014 May Be a Surprise

The report also documents that other foreclosure activity indicators are the lowest in the last decade as well. Homes in foreclosure presale for the month of July 2017 were down 12,000 from the previous month and were also down 28 percent from July 2016. The total number of loans in foreclosure was below 400,000 for the first time since Feb. 2007.

Average time to foreclose drops to two-year low. Properties foreclosed in Q3 2018 had been in the foreclosure process an average of 713 days, down from 720 days in the previous quarter and down from 899 days in Q3 2017 to the lowest level since Q2 2016 – a two-year low.

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Residential remodeling activity. foreclosure rates are at their lowest levels in more than a decade, but that is a different story for markets pummeled by last year’s devastating hurricanes..

While the real estate market continues to catch fire this summer selling season, foreclosure activity is cooling down – Or is it?. The latest report by RealtyTrac revealed the number of U.S. foreclosure filings was down 20 percent in the first six months of the year, and 11 percent from the first six months of 2015.