ATTOM Data Solutions’ recently-released Q1 2018 U.S. Foreclosure Market Report show that a total of 189,870 U.S. properties had a foreclosure filing during the first quarter of 2018. This quarterly filing rate is up 4% from the previous quarter, but down 19% from one year ago, and 32% below the pre-recession average of 278,912 foreclosure filings per quarter between Q1 2006 and Q3 2007. This quarter marks the sixth consecutive quarter in which U.S. foreclosures have fallen below the pre-recession quarterly average.
At the end of this quarter, 45% of all properties in foreclosure were tied to loans originated between 2004 and 2008. This has fallen from 50% at the end of Q4 2017, and from 51% at the end of Q1 2017.
Counter to the national trend, 82 of 219 metropolitan statistical areas analyzed in the report (37%) posted year-over-year increases in foreclosure starts in the first quarter, up from 20% of markets posting year-over-year increases in foreclosure starts in Q1 2017.
Twenty-three of 53 metropolitan statistical areas with at least 1 million people (43%) posted a year-over-year increase in foreclosure starts in the first quarter, led by Indianapolis, Indiana (up 148%).
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