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Foreclosures Fall to 14-year Low in Q3

Tuesday, Oct 22 2019
Lending
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Foreclosure activity has continued its decline to levels last seen well before the Great Recession, a new report from ATTOM Data Solutions.

The third quarter had 143,105 U.S. properties with foreclosure filings, according to ATTOM. Down 6% from the previous quarter and 19% from a year ago, that’s the lowest level since the second quarter of 2005.

The average pre-recession foreclosure rate between the first quarter of 2006 and the third quarter of 2007 was 49% higher at 278,912 properties per quarter. This marks the 12th straight quarter where U.S. foreclosures were below the pre-recession mean.

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