Tag Archives: U.S. Foreclosure Market Report

The average foreclosure timeline reduced for the first time in nearly a decade. What other trends did foreclosure activity experience for Q3?

U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the June edition of the Obama Administration's Housing Scorecard Thursday. It paints a picture of a housing market that is improving but still subject to ebbs and flows of the broader economy.

Foreclosure starts rose for the first time in eight months in May but there is still reason to be optimistic about the United States housing market according to the latest Mortgage Monitor Report of the latest available data released by Black Knight Financial Services. The report indicated that foreclosure starts nationwide rose by 9.5 percent.

Foreclosure filings are down to record lows, but a more sinister-sounding problem may be on the rise—"zombie foreclosures." RealtyTrac released its U.S. Foreclosure Market Report for February, reporting that foreclosure filings (default notices, schedule auctions, and bank repossessions) were 112,498, down 10 percent from January and down 27 percent from the previous year.