ATTOM attributes the decline in foreclosure rates and the low number of zombie foreclosures to high homeowner equity.
Tagged: Foreclosures
July 2024 saw 31,929 properties with foreclosure filings, with the greatest numbers of foreclosure starts in California, Florida, and Texas
Foreclosure starts down 17% in June from May, down 22.7% YOY
Those three states had 34 of the 50 counties around the U.S. considered most vulnerable to declines.
The 0.2% annual increase bucks a historical, seasonal trend given that many borrowers receive their income tax refunds in March.
Foreclosure starts decreased 7% from last month and completed foreclosures increased 8% from last month
Most homeowners with a mortgage still able to make their payments on time in February, CoreLogic report shows.
ATTOM reported a total of 95,349 U.S. properties with a foreclosure filings during the first quarter of 2024
The U.S. housing market posted an overall mortgage delinquency rate of 2.8% in January.
Annual uptick reflects shifting dynamics in housing market: while some states witness decreases, others experience notable increases; South Carolina, Delaware, and Florida top foreclosure rates nationwide.