ATTOM Data Solutions’ March 2017 U.S. Foreclosure Market Report finds that U.S. foreclosures is now below pre-recession levels in 102 out of the 216 metropolitan statistical areas (47%) analyzed inside the report.
Foreclosures decline under ‘normal’ pre-recession quantities
Nationwide, foreclosure filings – default notices, scheduled auctions and bank repossessions – were down 11% quarter-to-quarter and 19% year-to-year. It is the lowest level since Q3 2006.
First-quarter foreclosure activity had also been 16% below the pre-recession average between Q1 2006 and Q3 2007.
“U.S. foreclosure activity on a quarterly basis first dipped below pre-recession averages in the fourth quarter of last year, and this report shows that trend continuing for the second consecutive quarter,” says Daren Blomquist, senior vice president with ATTOM Data Solutions. “The number of local markets dropping below pre-recession levels continues to grow, up from 78 a year ago to 102 in this report.”
The 102 local markets with first quarter foreclosure activity below pre-recession averages included Los Angeles (46% below); Dallas (73% below); Houston (52% below); Miami (44% below); and Atlanta (67% below).
No Florida markets were in ATTOM’s report on top markets still above pre-recession levels. However, that does not mean that you cannot purchase a home that has been already foreclosed on here in the Tampa Bay and Surrounding Areas.
There are still an abundance of foreclosures to be purchased. Nick & Cindy Davis with RE/MAX Premier Group are here to assist you. Give us a call at 813-300-7116 or simply click here to get started.