U.S. Foreclosure Activity Hits 12-Year Low in 2017

According to ATTOM Data Solutions Year-End 2017 U.S. Foreclosure Market Report, U.S. foreclosure filings  default notices, scheduled auctions and bank repossessions  were reported on 676,535 properties in 2017, down 27 percent from 2016 and down 76 percent from a peak of nearly 2.9 million in 2010 to the lowest level since 2005. Those 676,535 properties with foreclosure filings in 2017 represented 0.51 percent of all U.S. housing units, down from 0.70 percent in 2016 and down from a peak of 2.23 percent in 2010 to the lowest level since 2005. The report also includes new data for December 2017, when there were 64,651 U.S. properties with foreclosure filings, up 1 percent from the previous month but still down 25 percent from a year ago -- the 27th consecutive month with a year-over-year decrease in foreclosure activity.