According to ATTOM Data’s Year-End 2024 U.S. Foreclosure Market Report, there were 322,103 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) – representing 0.23% of all U.S. housing units, down slightly from 2023 and down from a peak of 2.23% in 2010.  In addition, lenders started the foreclosure process on 253,306 properties in 2024, down 6% from 2023, up 174% from 2021, but down 25% form 2019 and down 88% from a peak of 2,139,005 in 2009.

"The continued decline in foreclosure activity throughout 2024 suggests a housing market that may be stabilizing, even as economic uncertainties persist…This year’s data points to foreclosure trends potentially returning to more predictable levels, offering some clarity for industry professionals, investors, and homeowners. While foreclosure filings remain a critical metric for understanding market health, current trends may point to a more balanced landscape, potentially shaped by careful lending practices and ongoing homeowner resilience.”  Said Rob Barber, CEO at ATTOM.

In case you haven’t notices, grocery prices have steadily rising over the past several thanks to inflation.  In fact, today’s graphic from the Visual Capitalist says American households are paying an average of about $270 per week.  And, if you’ve ever seen a commercial where they say prices may be higher in Alaska or Hawaii, they have extra shipping costs factored in…they both have average bills north of $300.  As awlays, stay safe and have a Happy Friday!!!

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  A recent report from the NAHB’s Eye on Housing says state & local tax revenue from property taxes reached $203.9 billion in Q3 2024, based on data form the U.S. Census Bureau.  They say this marks a 2.8% increase from the second quarter of 2024 and is the first quarter w
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   The U.S. government is reporting that privately‐owned housing starts in November, 2024 were at a seasonally adjusted annual rate of 1,289,000, which is 1.8% lower than October’s revised number and is 14.6% lower than one year ago.&nb
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  The National Association of Realtors is reporting that existing home sales were up 4.8% in November to a seasonally-adjusted annual rate of 4,15 million – up 6.1% year over year and the largest year-over-year gain since June 2021.  Total housing inventory at the end o
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  A new report from the NAHB’s Eye on Housing shows that house prices posted modest annual growth for Q3, 2024
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  Last week’s infographic illustrated  Read More...