ATTOM’s May 2024 Foreclosure Market Report found that there were a total of 32,621 U.S. properties with foreclosure filings during the month—default notices, scheduled auctions, or bank repossessions—up 3% from April 2024, but down 7% from a year ago. “May’s foreclosure activity highlights nuanced shifts in the housing market,” said Rob Barber, CEO at ATTOM. “While we observed a Continue Reading
Foreclosure Starts Rose in October, but Remain at Historically Low Levels
Intercontinental Exchange, Inc’s—better known as ICE—has again released its monthly report highlighting mortgage performance for the month of October 2023, which overall found that foreclosure starts rose by 33,000 during the month to their highest level in 18 months. Serious delinquencies, or mortgages 90+ days past due, fell to 447,000, hitting numbers last seen during the Continue Reading
Foreclosure Volume Expected to Rise Slightly to Close Out 2023
Auction.com has released its 2023 Seller Insights Report which found that approximately 92% of default servicing industry leaders expect completed foreclosure volume to increase in 2023 compared to 2022, while 85% expect home prices to decline in 2023 compared to 2022. The 2023 Seller Insights Report also revealed that economic conditions will have the biggest impact on foreclosure volumes for Continue Reading
Foreclosure Starts and Completions Down From April
ATTOM has released its April 2023 U.S. Foreclosure Market Report, showing a total of 32,977 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — were down 10% from last month but up 8% from a year ago. Illinois, Maryland, and New Jersey post highest foreclosure rates Nationwide one in every 4,234 housing units had a Continue Reading
