Call Michael Thomas (619) 286-9400
  • Home
  • Short Sale FAQ’s
  • Taxation
  • Short Sale Approvals
  • News
  • Apply NOW
Home > Fewer Americans are filing for foreclosures

Fewer Americans are filing for foreclosures

April 4, 2019 by mthomas Leave a Comment

February marks 8th consecutive month of annual decrease in foreclosure activity

There was a moderate drop in foreclosures in February, according to ATTOM Data Solutions’ latest Foreclosure Market Report.
According to the Foreclosure Market Report, there was a 3% decline from the previous month and an 11% year-over-year decrease from 2018.
Notably, only 54,783 U.S. properties were listed as foreclosure filings, default notices, scheduled auctions or bank repossessions. This marks the eighth consecutive annual decrease in foreclosure activity.
The Foreclosure Report analyzes the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the month and quarter.
The report is based on data collected from more than 2,200 counties nationwide, accounting for more than 90% of the U.S. population.
ATTOM’s analysis indicated that during the month of February, banks repossessed 11,392 U.S. properties. This total is down 7% from January and 12% percent from a year ago.
Furthermore, 29,735 U.S. properties started the foreclosure process in February, rising just 1% from the previous month but still 9% below 2018’s level.
Overall, New Jersey topped the list of housing markets with a foreclosure filling rate of one in every 1,006 housing units, followed by Delaware with one in every 1,008 housing units; Maryland with one in every 1,193 housing units; Florida with one in every 1,365 housing units and Illinois with one in every 1,465 housing units.
However, foreclosure rates countered nation trend, increasing year-over-year in 13 states including Florida, up 68%; Oregon, up 46%; Louisiana, up 34%; Illinois, up 9%; Texas, up 9%; and Colorado, up 3%.
HOUSINGWIRE

Filed Under: Real Estate News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Categories

  • Market Reports
  • Real Estate News

Client Testimonials

"Mr. Thomas was a vital asset to our home purchase. His experience and expertise made it all possible. From the very first day we met, we were already working... continued"
- Carla C.
View All

Short Sale Specialist

Apply Now For a Free Consultation
Apply Now

Michael Thomas

Michael Thomas is one of the leading real estate brokers in San Diego, California. He is endorsed by the National Association of Realtors as a Seller Representative Specialist, Accredited Buyer Representative, as well as Short Sale & Foreclosure Certified. As a lifelong resident of San Diego with a Master’s Degree in Business Administration, he’s uniquely qualified to help San Diegans achieve their real estate goals.

DRE# 01396530 NMLS# 349714

Meet Michael

California Lending & Realty

3940 Hancock Street, Suite 109
San Diego, CA 92110

(619) 286-9400
Contact Michael

Accessibility Notice  •  California Lending & Realty is a division of California Lending Company Inc.
CA DRE #01400067   •   NMLS #235745   •   sitemap   •   admin   •   ©2025 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com