There were 428,400 US properties with foreclosure filings in the first six months of 2017, down 20% from the same period of 2016 and down 28% from the first half of 2015
There were 428,400 US properties with foreclosure filings in the first six months of 2017, down 20% from the same period of 2016 and down 28% from the first half of 2015.
ATTOM Data Solutions says that default notices, scheduled auctions or bank repossessions were lower in almost all areas but eight areas saw an increase, led by a 60% rise in the District of Columbia.
"With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after," said Daren Blomquist, senior vice president with ATTOM Data Solutions. "More than 38% of properties sold at foreclosure auction in the first half of this year went to third-party buyers rather than back to the bank — the highest share we've ever seen going back as far as 2000, the earliest this data is available."
The highest state-rate of foreclosure filings was in New Jersey, where 0.99% of housing units had a filing compared to the national rate of 0.32%. Delaware, Maryland and Illinois all had rates above 0.50%.
For foreclosure starts, 203,875 homes entered the process, down 20% from a year ago and the lowest 6-month figure since the second half of 2005, the earliest data available.
Mortgage lenders foreclosed on 169,124 homes, down 14% year-over-year and the lowest 6-month figure since the second half of 2014.
ATTOM Data Solutions says that default notices, scheduled auctions or bank repossessions were lower in almost all areas but eight areas saw an increase, led by a 60% rise in the District of Columbia.
"With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after," said Daren Blomquist, senior vice president with ATTOM Data Solutions. "More than 38% of properties sold at foreclosure auction in the first half of this year went to third-party buyers rather than back to the bank — the highest share we've ever seen going back as far as 2000, the earliest this data is available."
The highest state-rate of foreclosure filings was in New Jersey, where 0.99% of housing units had a filing compared to the national rate of 0.32%. Delaware, Maryland and Illinois all had rates above 0.50%.
For foreclosure starts, 203,875 homes entered the process, down 20% from a year ago and the lowest 6-month figure since the second half of 2005, the earliest data available.
Mortgage lenders foreclosed on 169,124 homes, down 14% year-over-year and the lowest 6-month figure since the second half of 2014.
