Foreclosures Lowest Since 2006
Another not-so subtle sign of economic recovery. The national numbers on foreclosures are very promising. Total foreclosure filings, including notices of default, scheduled auctions and bank repossessions, dropped to 127,790 in June, down 35% over the past 12 months, according to RealtyTrac. Filings have hit their lowest monthly level since December 2006.
Foreclosures Lowest Since 2006
The nation number of foreclosures has dropped 14% since May 2013! Foreclosures are no longer an issue on the national scale. There are still a few states with higher than average results, but the country as a whole is witnessing this sharp decline. However, bank reposessions are climbing steadily to more than 420,000 per year. The national average in years past was only around 250,000.
Foreclosures Lowest Since 2006
With home values on the rise across the country, more homeowners have been able to keep their homes or put them on the market before foreclosing.
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