According to Black Knight’s latest Mortgage First Look, the national delinquency rate fell 3 basis points (bps) to 3.26% in October, marking a 9 bps (-2.8%) improvement from the same time last year. However, Black Knight says foreclosure starts rose to 33k in October – their highest levels in 18 months. Meanwhile, the number of foreclosure sales (completions) remained relatively flat. Active foreclosure inventory inched up 3k to 217k, but remains more than 25% below prepandemic levels.
Trending
- Local Market Monitor’s National Economic Outlook for April ’24
- Financial Independence for Real Estate Investors: The Role of Local Associations
- Top 10 Places Where Generation Z Is Buying Homes
- GDP Up 1.6% in the First Quarter of 2024
- Georgia Governor Signs Bill Making Squatting a Crime
- Pending Home Sales Up 3.4% in March ’24
- New Home Sales Up 8.8% from February
- Top 50 U.S. Metro Areas have 31 NFL Teams