Foreclosure Filings In United States At 10 Year Low

Foreclosure Filings In United States At 10 Year Low

 

 Every year ATTOM Data Solutions runs a year end foreclosure market report. On the most recent report done in January of this year they ran a report on 2016. The report shows that 933,045 U.S. properties filed for foreclosure in 2016. That brings the number down 14 percent from 2015, the lowest number since 2006.

 In 2006 there were 717,522 properties with foreclosure filings according to the report. Foreclosure filings include default notices, scheduled auctions, and bank repossessions.

 The report also shows that foreclosure filings in 2016 are equal to 0.70 percent of all U.S. housing units. This is also the lowest rate in the U.S. since 2006 when it was at 0.58 percent.

 The ATTOM report is a count of unique properties with a foreclosure filing during the year based on publicly recorded filings. This method and these reports are used and collected in 2500 counties nationwide, on more than 23 million foreclosure filings.

 This report includes new data for December as well. In December there were 85,919 U.S. properties with foreclosure filings, that number being down 1 percent from the previous month and 17 percent down from a year ago. It was the 15th consecutive month with a year to year decrease in foreclosure activity.

                                                                                                                                                                                                                               

                                                                                                                                                                                                                                       *Florida Realtors News


Mike Parry Headshot
Author:
Phone: 407-668-1278
Dated: January 31st 2017
Views: 286
About Mike: Mike Parry has recently signed on with Exit Realty Champions in Davenport, FL. He specializes in wor...

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