Housing-News-Report-December-2018

HOUSINGNEWS REPORT

WHERE TO FIND FORECLOSURE INVENTORY

Also counter to the national trend, 84 of 219 metropolitan statistical areas analyzed in the report (38 percent) posted a year-over-year increase in foreclosure activity, including Miami, Florida (up 55 percent); Houston, Texas (up 198 percent); Tampa-St. Petersburg, Florida (up 67 percent); Atlanta, Georgia (up 36 percent); and Phoenix, Arizona (up 3 percent). Foreclosure Starts Down Nationwide, Up In 36 Percent Of Local Markets Lenders started the foreclosure process on 29,017 U.S. properties in October 2018, up less than 1 percent from the previous month but still down 8 percent from a year ago. Counter to the national trend, 18 states posted year-over-year increases in foreclosure starts, including Florida (up 98 percent); Texas (up 23 percent); Michigan (up 60 percent); South Carolina (up 60 percent); and Alabama (up 11 percent).

“Lenders started the foreclosure process on 29,017 U.S. properties in October 2018, up less than 1 percent from the previous month but still down 8 percent from a year ago. Counter to the national trend, 18 states posted year-over-year increases in foreclosure starts, including Florida (up 98 percent); Texas (up 23 percent); Michigan (up 60 percent); South Carolina (up 60 percent); and Alabama (up 11 percent).”

analyzed in the report (36 percent) posted year-over-year increases in foreclosure starts, including Houston, Texas (up 285 percent); Miami, Florida (up 116 percent); Phoenix, Arizona (up 3 percent); Detroit, Michigan (up 82 percent); and Tampa-St. Petersburg, Florida (up 82 percent). Foreclosure starts have increased annually in at least six of the 10 months so far in 2018 in 32 of the 219 metro areas analyzed in the report (15 percent), including Houston, Texas (7 of 10 months); Miami, Florida (6 of 10 months); Detroit, Michigan (9 of 10 months); Orlando, Florida (6 of 10 months); Minneapolis-St. Paul (9 of 10 months); Jacksonville, Florida

(6 of 10 months); and Austin, Texas (10 of 10 months).

Bank Repossessions Bounce Back From All-Time Low In December Lenders repossessed a total of 23,714 U.S. properties through foreclosure (REO) in October 2018, up 119 percent from an all-time low in the previous month, and up 10 percent from a year ago. The District of Columbia and 28 states posted year-over-year increases in REO activity in October, including Florida (up 40 percent); New Jersey (up 5 percent); Ohio (up 52 percent); New York (up 16 percent); and Georgia (up 150 percent).

Also counter to the national trend, 70 of the 219 metropolitan statistical areas

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DEC 2018 | ATTOM DATA SOLUTIONS

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