RealtyTrac: Foreclosure Filings Fall In June, H1
RealtyTrac, an online marketplace for real estate data, Thursday said its Midyear 2014 U.S. Foreclosure Market Report showed a total of 613,874 U.S. properties with foreclosure filings in the first half of 2014, down 19 percent from the previous six months and down 23 percent from the first half of 2013.
The report also shows that 0.47 percent of all U.S. housing units - one in 214 - had at least one foreclosure filing in the first six months of the year.
Foreclosure filings include default notices, scheduled auctions and bank repossessions.
The report also includes new foreclosure activity data from June, when a total of 107,194 U.S. properties had a foreclosure filing. This was down 2 percent from the previous month and a decrease of 16 percent from a year ago to the lowest level since July 2006, before the housing price bubble burst.
Total foreclosure activity in June was the lowest since the housing bubble burst in August 2006 in 10 states, including Texas, Georgia, Colorado, Tennessee, Arizona and Nevada.
Daren Blomquist, vice president at RealtyTrac, said, 'Over the next six to nine months nationwide foreclosure numbers should start to flat line at consistent historically normal levels.''
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by RTT Staff Writer
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