IRVINE, Calif. – May 16, 2018 – ATTOM Data Solutions, curator of the nation’s premier property database, today released its April 2018 foreclosure activity (granular geo level data now available upon request). Nationally there were a total of 64,183 U.S. properties with foreclosure filings in April 2018, down 14 percent from the previous month and down 17 percent from a year ago — the 31st consecutive month with a year-over-year decrease in foreclosure activity and a foreclosure rate of one in every 2,089 U.S. housing units with a foreclosure filing.
However, counter to the national trend, 52 of the 219 metro areas analyzed in the report posted a year-over-year increase in foreclosure activity in April 2018, including Los Angeles, California (up 3 percent); Riverside-San Bernardino, California (up 17 percent); Cleveland, Ohio (up 8 percent); Detroit, Michigan (up 6 percent); and Indianapolis, Indiana (up 35 percent).
Foreclosure starts increase in California, New York and Texas
A total of 33,900 U.S. properties started the foreclosure process in April 2018, up 5 percent from the previous month but still down 1 percent from April 2017 — the 34th consecutive month with a year-over-year decrease in foreclosure starts.
However, counter to the national trend, 15 states posted year-over-year increases in foreclosure starts in April 2018, including California (up 15 percent); New York (up 16 percent); Texas (up 12 percent); New Jersey (up 2 percent); and Georgia (up 5 percent).
Also, 99 of the 219 metro areas analyzed in the report posted year-over-year increases in foreclosure starts in April 2018, including New York-Northern New Jersey (up 8 percent); Los Angeles, California (up 12 percent); Riverside-San Bernardino, California (up 24 percent); Houston, Texas (up 14 percent); and Dallas-Fort Worth, Texas (up 17 percent).
Completed foreclosures decline over 40 percent nationwide
Lenders repossessed 14,233 U.S. properties via foreclosure (REO) in April 2018, down 45 percent from the previous month and down 45 percent from a year ago — the 15th consecutive month with a year-over-year decrease in REOs.
To see states, metro areas, counties or ZIP codes that contributed to this sharp decline in REOs or any other foreclosure filing datasets call us at 949-502-8313 or email datareports@attomdata.com
