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Distress Property Stats March 2018

By
Industry Observer CDRE #01044712

In April of 2017, ATTOM Data Solutions reported nationwide there were 579,053 properties scheduled for foreclosure filings, default notices, auctions, and bank repossessions in March of 2018 gained 21.0% from February of 2018, and increased 11.0% from March of 2017. While 30.3% were pre foreclosures, 34.9% were auctions, and 34.8% were REOs; One in every 1,776 housing units was in foreclosure in March 2018.

Pre-foreclosures rose 6.0% in March of 2018, from February of 2018, but down 14.9% from March of 2017; Auctions decraseded 5.0% in March of 2018, from February of 2018, and fell 7.6% from March of 2017; REO jumped 100.5% in March of 2018, from February of 2018, and declined 9.6% from March of 2017.

For complete more detailed information about RealtyTrac.com distress property report in March of 2018, please click HERE

Posted by

John Pusa

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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I think the banks are continuing to feed the inventory monster - I am not surprised by your stats. 

Apr 14, 2018 08:16 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Apr 15, 2018 03:06 AM
John Pusa
Glendale, CA

Hello Lise Howe lately, lenders taking back more inventory. Thanks for the comment.

Apr 15, 2018 09:32 AM
John Pusa
Glendale, CA

Hello Gita Bantwal  you are welcome, and glad you find the report helpful. Thanks for the comment.

Apr 15, 2018 09:32 AM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Homes

Buyers and sellers really appreciate updated real estate market information and local statistics. Thank you for your latest report.

Apr 16, 2018 06:03 AM
John Pusa
Glendale, CA

Hello Joyce Marsh, Daytona Beach Florida you are welcome, and glad you find the report useful. Thanks for the comment.

Apr 16, 2018 04:24 PM