Home / Media / DS News Webcast: Wednesday 8/2/2016
Print This Post Print This Post

DS News Webcast: Wednesday 8/2/2016

Nationwide bankruptcy filings were about 14 percent lower in July 2016 compared with a year earlier, continuing an ongoing trend of decline, according to July 2016 AACER bankruptcy data reported by Epiq Systems. Bankruptcy filings totaled 61 thousand 308 in July, which was a decrease from June’s total of 66 thousand 303, but was over 14 percent lower than July 2015’s total of 71 thousand 875.

Year-to-date, there have been 459,845 bankruptcy filings nationwide for the first half of 2016 (about 65,692 per month), down from 2015’s year-to-date total through the end of July of 494,795 (about 70,685 per month).The average number of filings per day in July 2016 was 3,065 over 20 days, which is an increase from June’s daily average of 3,014 over 22 days.

In a recent report from Zillow, according to climate scientists, if sea levels rise as much as predicted by the year two thousand one hundred, almost 300 U.S. cities could potentially lose at least half their homes as well as 36 U.S. cities could be completely lost. If this situation takes place based on Zillow's calculations, it may turn out that water poses almost as much of a problem for the housing market in the future as negative equity has in the past.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.
x

Check Also

Low-End Single-Family Rental Prices Trending Higher

Single-family rental home prices have been trending upwards since the Great Recession, and low-end rentals ...

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.