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DS News Webcast: Friday 8/12/2016

Foreclosure, REO, News, Webcast

After the release of CoreLogic’s Foreclosure Report and RealtyTrac’s Q2 2016 U.S. Home Equity and Underwater Report, the new data between the two showed that 11.9 percent of all U.S. properties that had a mortgage at the end of the second quarter of this year were determined to be in foreclosure, a percentage decrease from the 12 percent reported last quarter as well as the decrease from the 13.3 percent from Q2 in the year prior.

Of these foreclosures, the ten states shown to have the most foreclosures consisted of Massachusetts, Ohio, Connecticut, South Carolina, Illinois, Florida, Nevada, Maryland, New Jersey, and Delaware. Massachusetts sits in the number ten spot with a foreclosure rate of 1 in every 1,332 housing units while the number one spot is taken by Delaware with a foreclosure rate of 1 in every 570 housing units.

Republican presidential candidate Donald Trump has been mostly silent about housing during his campaign. But on Thursday, he shared with a crowd of home building professionals that the home building business and housing industry taught him everything he knows. In his speech at the National Association of Home Builders' 2016 Midyear Board of Directors Meeting in Miami, Florida, Trump focused on the idea that because his father was in the home building business, he learned firsthand with it looks like to work hard saying quote there is no greater thing you can do.