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ZILLOW PREDICTS SAN DIEGO HOME VALUES WILL DROP

June 10, 2025 by mthomas

Index foresees slight decrease of 1.1% in the county by March Zillow has broken from the pack to say San Diego County home values could decrease over the next year. Home values in San Diego County will drop 1.1% by March 2026, Zillow said in its latest Home Value Index. While the decrease is small, it’s notable because no other major forecasters have said home prices, or values, would drop, Continue Reading

U.S. Foreclosure Activity Increases Monthly in February 2025

March 11, 2025 by mthomas

IRVINE, Calif. — March 11, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its February 2025 U.S. Foreclosure Market Report, which shows there were a total of 32,383 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 5 percent from the prior month but down 1.7 percent Continue Reading

U.S. FORECLOSURE ACTIVITY DECLINES IN 2024

January 28, 2025 by mthomas

ATTOM, a leading curator of land, property data, and real estate analytics, today released its Year-End 2024 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 322,103 U.S. properties in 2024, down 10 percent from 2023 and down 1 percent from 2022 and down 35 percent from 2019, before the Continue Reading

Foreclosure Filings Ease Nationwide in November 2024 Amid Seasonal Influences

December 27, 2024 by mthomas

ATTOM, a leading curator of land, property data, and real estate analytics, today released its November 2024 U.S. Foreclosure Market Report, which shows there were a total of 29,390 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 9 percent from a year ago, and down 5 percent from the prior month. “The slight decline Continue Reading

Foreclosure filings dropped in November. Is market pressure finally easing up?

December 11, 2024 by mthomas

The highest foreclosure rates in November belonged to Nevada, Florida and Connecticut Foreclosure activity slowed slightly in November 2024, reversing a trend of rising foreclosures in October. But this decline may merely be a seasonal phenomenon, according to real estate data provider Attom. On Tuesday, Attom released its November 2024 U.S. Foreclosure Market Report. The Continue Reading

Foreclosures decline, but Attom says to watch for ’potential housing market instability’

September 18, 2024 by mthomas

The 30,000 foreclosure filings in August are a far cry from the 300,000 per month during the financial crisis of 2008 Higher mortgage rates and related affordability challenges are putting the squeeze on homeowners who have fallen behind on their mortgage payments, but foreclosure activity took a step back in August. According to the monthly foreclosure report Continue Reading

Foreclosure Starts Tick Upward In May

June 17, 2024 by mthomas

ATTOM’s May 2024 Foreclosure Market Report found that there were a total of 32,621 U.S. properties with foreclosure filings during the month—default notices, scheduled auctions, or bank repossessions—up 3% from April 2024, but down 7% from a year ago. “May’s foreclosure activity highlights nuanced shifts in the housing market,” said Rob Barber, CEO at ATTOM. “While we observed a Continue Reading

Foreclosure Starts Rose in October, but Remain at Historically Low Levels

December 1, 2023 by mthomas Leave a Comment

Intercontinental Exchange, Inc’s—better known as ICE—has again released its monthly report highlighting mortgage performance for the month of October 2023, which overall found that foreclosure starts rose by 33,000 during the month to their highest level in 18 months.  Serious delinquencies, or mortgages 90+ days past due, fell to 447,000, hitting numbers last seen during the Continue Reading

U.S. Foreclosure Filings Up 28% in Q3

October 17, 2023 by mthomas Leave a Comment

According to ATTOM’s Q3 2023 U.S. Foreclosure Market Report, there were a total of 124,539 U.S. properties with foreclosure filings—default notices, scheduled auctions or bank repossessions—up 28% from the previous quarter, and 34% from a year ago. The report also shows there were a total of 37,679 U.S. properties with foreclosure filings in September 2023, up 11% from the previous month, and up Continue Reading

Foreclosure Volume Expected to Rise Slightly to Close Out 2023

August 31, 2023 by mthomas Leave a Comment

Auction.com has released its 2023 Seller Insights Report which found that approximately 92% of default servicing industry leaders expect completed foreclosure volume to increase in 2023 compared to 2022, while 85% expect home prices to decline in 2023 compared to 2022. The 2023 Seller Insights Report also revealed that economic conditions will have the biggest impact on foreclosure volumes for Continue Reading

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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.

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