Foreclosure rate is the lowest since 2005, report says

Mitchell Hartman Jan 18, 2018
HTML EMBED:
COPY

Foreclosure rate is the lowest since 2005, report says

Mitchell Hartman Jan 18, 2018
HTML EMBED:
COPY

Foreclosure activity fell in 2017 to a 12-year low, according to a new report by ATTOM Data Solutions. In 2017, 0.5 percent of all U.S. residential properties were in some stage of foreclosure — notice of default, scheduled auction or bank repossession. That’s down from a peak of 2.2 percent at the height of the housing crisis in 2010. There are some exceptions to the national trend: New York, New Jersey and the District of Columbia saw increases in foreclosure activity last year — the result of leftover foreclosures from the housing crisis that are still hung up in complicated local legal processes.

Click the audio player above to hear the full story. 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.