If there were any doubts about the housing market rebound, a new report from Attom Data Solutions may help you see the glass half full. According to the September and Q3 U.S. Foreclosure Market Report, foreclosure filings are at their lowest since September 2005.
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Black Knight’s Mortgage Monitor is a monthly analysis that overviews delinquencies, foreclosures, prepayments, home equity line of credit (HELOCs), mortgage originations and REO discounts.
From a national perspective, the mortgage delinquency rate jumped almost 5 percent between June and July, Black Knight says.
Consistent with reports that we are once again in a booming housing market, housing data firm CoreLogic reports foreclosure inventory was down 25.9 percent year-over-year in June. Foreclosure inventory is defined as the number of homes at some stage of the foreclosure process.
Real estate data firm RealtyTrac announced today that national foreclosure filings in the first half of the year dropped an impressive 11 percent from 2015. In the first six months of 2016, there were a total of 533,813 U.S. properties with foreclosure activity, including default notices, scheduled auctions or bank repossessions.
Equity is rising and seriously underwater homeowners are dropping as the damage from the housing slump subsides, according to Attom Data Solutions. Seriously underwater properties declined by 776,000 nationwide since the second quarter of 2015 and 37,235 compared to the first quarter this year, according to the data firm’s Home Equity and Underwater Report.