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ATTOM Data Solutions’ May 2019 U.S. Foreclosure Market Report finds that while foreclosure filings have dropped by 22% yearly as an average nationwide, the reverse was true for 3 states, including Florida. They report that Florida has one foreclosure filing in every 1,238 housing unit.

“We are continuing to see a downward trend with overall foreclosure activity, especially in completed foreclosures declining year after year,” said Todd Teta, chief product officer at ATTOM Data Solutions. “However, in May 2019 we did see an uptick in the number of states increasing in foreclosure starts going from 17 to 23 states rising annually, and again Florida is bucking the national trend with a continuous annual increase.”

My 2¢: Many are expecting a change in the real estate market. Some call it another bubble, while I call it “an adjustment.” Historically, there is a slight change every 10 years and a more severe one every 20 years, or so. Having said this, I don’t expect the same crisis we lived through in 2008. Hence, I call it “an adjustment” of the sales prices, which have been climbing a bit too much, especially in new construction homes.

 

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Read the complete study at: https://www.attomdata.com/news/market-trends/may-2019-u-s-foreclosure-market-report/

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