Foreclosure activity is at the lowest level in over a decade

Minnesota foreclosures reach lowest level in more than a decade. Ramsey County remains relatively high compared to its neighbors, with nearly 4 of every 1,000 homes going to foreclosure last year. That’s down, though, nearly 80 percent compared to six years’ earlier. Hennepin County is at about 3 per 1,000, also down more than 80 percent from the height of the crisis.

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U.S. Foreclosure Activity Drops to Lowest Levels in Nine. – U.S. Foreclosure Activity Drops to Lowest Levels in Nine Years .. March foreclosure activity up month-over-month, still down from year ago There were a total of 108,970 U.S. properties with foreclosure filings in March, an 11 percent increase from February to the highest monthly level since.

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Refinancing activity plunges to the lowest level since 2000. On its way to 5% and higher: The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment rose to 4.84% for the week ending September 7, 2018, the mortgage bankers association (mba) reported this morning.

Construction of new homes in the U.S. fell to the lowest level in more than a decade in July as builders continued to. That was down 20.9 percent from the pace of activity a year ago and.

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The nation’s homeownership rate remained at its lowest in more than a decade hampered by a rise in foreclosures and weak demand for housing.

Notably, only 177,146 U.S. properties were listed as foreclosure filings, default notices, scheduled auctions or bank repossessions. This is the lowest level since the fourth quarter of 2005.

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US foreclosures drop to lowest level since 2005, but in Florida they are rising About 625K homes faced foreclosure in 2018, a fraction of the nearly 2.9M recorded at peak in 2010

Properties foreclosed in Q3 2018 had been in the foreclosure process an average of 713 days, down from 720 days in the previous quarter and down from 899 days in Q3 2017 to the lowest level since.

The report also documents that other foreclosure activity indicators are the lowest in the last decade as well. Homes in foreclosure presale for the month of July 2017 were down 12,000 from the previous month and were also down 28 percent from July 2016. The total number of loans in foreclosure was below 400,000 for the first time since Feb. 2007.

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