Report: Foreclosure Inventory Hits Record Level in June

Cash sales share increases in 2017 following four years of declines. Nationwide all-cash purchases accounted for 29.0 percent of single family home and condo sales in 2017, up slightly from 28.7 percent in 2016 and still well above the pre-recession average of 20.3 percent between 2000 and 2007.

According to the latest CoreLogic monthly Loan Insights Report, 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March, 2019. These loans represent a .3-percentage-point decline in the overall delinquency rate compared with March 2018 and was the lowest for the month of MarchRead More

For co-ops and condos, median price was down 8.7 percent relative to 2015, to $1.05 million, luxury supply declined as did resale inventory. The foreclosure rate of 0.8 percent is back to June 2007.

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Since August 2017, the foreclosure inventory rate has been steady at 0.6 percent, the lowest level since June 2007, when it was also 0.6 percent. Methodology The data in this report represents.

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The first serious mortgage related impact from last fall’s hurricanes started to hit home in. in arrears but not in foreclosure fell to 528,000, 20,000 fewer than in June and 27,000 fewer than a.

Properties foreclosed in the first quarter of 2018 had been in the foreclosure process an average of 791 days, down 23 percent from an average 1,027 days for properties foreclosed in the fourth quarter of 2017 and down 3 percent from an average of 814 days for properties foreclosed in the first quarter of 2017.

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Staten Island: Foreclosures Down 19% Year-Over-Year. A total of 153 new foreclosure cases were registered in Staten Island in the first three months of 2019 a 19% drop over the same period last year. For the last previous quarters, foreclosures were above the 140 mark, the only exception being Q3 2018, when only 48 homes ended up being foreclosed.