This week housing data powerhouse RealtyTrac released their Midyear 2016 U.S. Foreclosure Market Report that shows over 500k U.S. properties with foreclosure filings during the first six months of 2016. That number is down 20% from the last six months of 2015. While foreclosures overall have been trending down, nineteen states posted year-over-year increases in foreclosure activity in the first half of 2016; those states included Massachusetts (46% increase); Connecticut (40% increase); Virginia (18% increase); Alabama (11% increase); and New York (10% increase). Interestingly, 27% of all properties sold at foreclosure auction were purchased by investors. This marks the highest share for the first six months of any year since 2000 (the earliest year data is available).
Click here to read the full report on RealtyTrac.
