Foreclosure activity is at the lowest level in over a decade

Having tracked foreclosure listings for over a decade, PropertyShark is the only service in New York that guarantees 100% coverage of the local foreclosure market. The stats include only first-time foreclosures to avoid over-reporting the number of distressed properties in the city, as auctions are frequently postponed and rescheduled.

Foreclosure rates are also seeing the steepest declines since 2007. July 2017 foreclosure rates sit at 0.78 percent. This is down almost 3 percent from the previous year and 28 percent below where it sat in July 2016. While foreclosure seems on the decline, paradoxically, loan delinquency has actually been increasing month-to-month.

Foreclosure activity drops to lowest quarterly level in eight years. Foreclosure filings-default notices, scheduled auctions and bank repossessions-were reported on 313,487 U.S. properties in the first quarter of 2015, down 7 percent from the previous quarter and down 8 percent from the first quarter of 2014 to the lowest quarterly total since the first quarter of 2007, according to the.

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A steep decline in the number of foreclosure filings in Ohio last month helped drive down U.S. foreclosure activity to its lowest level in more than a decade, according to figures released today.

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Blomquist notes that "The foreclosure rebound pattern is not only showing up in judicial states like New Jersey, where foreclosure activity reached a 40-month high in January, but also some non-judicial states like California, where foreclosure starts jumped 57 percent from a year ago, following 17 consecutive months of annual decreases.""

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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.

Foreclosures fall to lowest level since 2007. More than 4 million homes have been lost to foreclosure over the past five years.. resulting in a dramatic drop in foreclosure activity for the.