Seeking Alpha

Foreclosure filings fall to lowest in six years

  • The number of foreclosure filings dropped to the lowest level since 2007 last year, declining 26% to 1.36M properties, RealtyTrac says. The figure is less than half of the peak of 2.9M properties in 2010.
  • States with the highest foreclosure rates in 2013 were Florida, Nevada, Illinois, Maryland and Ohio.
  • The number of foreclosure processes started plunged 33% to 747,728, the lowest since RealtyTrac began tracking the data in 2006. Bank repossessions plummeted 31% to 462,970 properties, the least since 2007. (PR)
  • Relevant tickers: PHM, MHO, TOL, KBH, RYL, HOV, SPF, FNMA, FMCC
  • ETFs: ITB, XHB, MBB, MBG, VMBS, CMBS, COBO
Comments (1)
  • Petrarch
    , contributor
    Comments (906) | Send Message
     
    must be because things are so bad.
    16 Jan 2014, 09:22 AM Reply Like
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