Do Foreclosure Starts Indicate an Ideal Market?

IRVINE, CA—With foreclosure starts falling below pre-housing-crisis levels, are we at the best possible place in the housing and economic cycle? RealtyTrac's Daren Blomquist weighs in with GlobeSt.com on what the firm's latest report means.

By Carrie Rossenfeld | Updated on July 16, 2015

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IRVINE, CA—With foreclosure starts falling below pre-housing-crisis levels, are we at the best possible place in the housing and economic cycle? According to RealtyTrac’s Mid-Year 2015 US Foreclosure Market Report, US foreclosure filings were at a 10-year low in the first half of the year, down 13% from the previous six months and down 3% from the same time period in 2014. The report also reveals that the total number of US properties that started the foreclosure process in the first half of the year is down 4% from a year ago and 18% below foreclosure starts in the first half of 2006 before the housing price bubble burst in August 2006. First-half 2015 foreclosure starts were at their lowest level in any year since RealtyTrac began tracking in 2006—a 10-year low.

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