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Residential Foreclosures Continue Decline

IRVINE, CA—ATTOM Data Solutions and CoreLogic show monthly and annual declines nationally across a number of metrics related to foreclosure activity.

Photo of Frank Nothaft “Loan performance varies by the health of the local economy and housing market,” says CoreLogic’s Frank Nothaft.

IRVINE, CA—A rising market for single-family residential means a falling one for foreclosed properties. In separate reports, ATTOM Data Solutions and CoreLogic cite monthly and annual declines across a number of metrics related to foreclosure activity, ranging from filings to inventory.

ATTOM said Thursday that November saw a total of 86,561 US properties with foreclosure filings in November, down 18% from the previous month and down 17% from a year ago. The year-over-year decrease represented the 14th consecutive month in which this occurred, while the monthly decrease was the largest in six years.

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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