10 States Facing the Most Foreclosures Right Now
10 States Facing the Most Foreclosures Right Now
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This summer there’s some good news. June foreclosure activity has dropped to its lowest level since November 2015. In June 2017, there were a total of 73,828 U.S. properties with a foreclosure filing, down 22% from a year ago and even more from previous years.
This is all according to ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, which released its Midyear 2017 U.S. Foreclosure Market Report, showing a total of 428,400 U.S. properties with foreclosure filings. This includes default notices, scheduled auctions or bank repossessions that occurred in the first six months of 2017. Data has been collected from more than 2,200 counties nationwide, with those counties accounting for more than 90% of the U.S. population.
Although the study is full of foreclosures, they’ve become fairly rare in the housing market.
“With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after,” said Daren Blomquist, senior vice president with ATTOM Data Solutions.
As homeowners stay on top of their mortgages and housing payments, fewer foreclosures have been occurring. (If you’ve been faced with foreclosure, you’ll likely see the damage to your credit score. Not sure? You can see two of your credit scores for free on Credit.com).
Here are the ten states with the highest foreclosure rates as of June 2017.
10. New Mexico
June 2017 Foreclosure Rate: 1 in every 272 housing units
Change from January to June 2016: Down 10.57%
Change from January to June 2015: Up 1.77%
9. Ohio
June 2017 Foreclosure Rate: 1 in every 229 housing units
Change from January to June 2016: Down 18.49%
Change from January to June 2015: Down 24.33%
8. South Carolina
June 2017 Foreclosure Rate: 1 in every 221 housing units
Change from January to June 2016: Down 15.05%
Change from January to June 2015: Down 14.31%
7. Florida
June 2017 Foreclosure Rate: 1 in every 217 housing units
Change from January to June 2016: Down 33.60%
Change from January to June 2015: Down 56%
6. Nevada
June 2017 Foreclosure Rate: 1 in every 215 housing units
Change from January to June 2016: Down 30.59%
Change from January to June 2015: Down 40.45%
5. Connecticut
June 2017 Foreclosure Rate: 1 in every 200 housing units
Change from January to June 2016: Up 3.19%
Change from January to June 2015: Up 44.75%
4. Illinois
June 2017 Foreclosure Rate: 1 in every 183 housing units
Change from January to June 2016: Down 10.19%
Change from January to June 2015: Down 25.78%
3. Maryland
June 2017 Foreclosure Rate: 1 in every 161 housing units
Change from January to June 2016: Down 30.62%
Change from January to June 2015: Down 31.55%
2. Delaware
June 2017 Foreclosure Rate: 1 in every 137 housing units
Change from January to June 2016: Down 6.48%
Change from January to June 2015: Up 20.42%
1. New Jersey
June 2017 Foreclosure Rate: 1 in every 101 housing units
Change from January to June 2016: Up 1.8%
Change from January to June 2015: Up 8.53%
This article was written by Page DiFiore and originally published on credit.com.
The post 10 States Facing the Most Foreclosures Right Now appeared first on Real Estate News & Insights | realtor.com®.
Source: Real Estate News and Advice – realtor.com » Real Estate News