Data powerhouse ATTOM Data Solutions (parent company of RealtyTrac) recently released their Q1 and March 2017 U.S. Foreclosure Market Report that showed foreclosure activity in the first quarter was below pre-recession levels in nearly half of U.S. metro areas analyzed for the report. Nationwide foreclosure filings (default notices, scheduled auctions and bank repossessions) were reported on 234,508 properties in the first quarter, down 11% from the previous quarter and down 19% from one year ago – marking the lowest level since Q3 2006.
“U.S. foreclosure activity on a quarterly basis first dipped below pre-recession averages in the fourth quarter of last year, and this report shows that trend continuing for the second consecutive quarter,” said Daren Blomquist, senior vice president with ATTOM Data Solutions. “The number of local markets dropping below pre-recession levels continues to grow, up from 78 a year ago to 102 in this report.”
Click here to read the full report on RealtyTrac.com
