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.
- In September, foreclosure filings dropped 13 percent month-over-month and 24 percent year-over-year – hitting the lowest rates since September 2005.
- Foreclosure filings across the third quarter were down 10 percent from Q3 2015.
- Foreclosure timelines saw their first annual drop since tracking data, moving from a 630-day average to a 625-day average year-over-year.