We recently posted about rising delinquencies in the 2nd quarter which also made reference to the fact that foreclosure inventory was at its lowest level since 1995. According to ATTOM Data Solutions’ Midyear 2019 U.S. Foreclosure Market Report, there were 296,458 U.S. properties with foreclosure filings in the first half of 2019. This figure is 18% lower than one year ago and down 82% its peak in 2010. They say their data help reinforce the view that foreclosure activity is trending downward. However they do point out:
“Of course, you still have pockets across the nation where foreclosure activity is seeing some flare-ups. Foreclosure starts is a good indication of markets to watch. For instance, in looking at the largest markets across the nation with the greatest annual increase in foreclosure starts, 4 out of the 5 markets were in Florida.” Said Todd Teta, chief product officer at ATTOM Data Solutions.