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| Daren Blomquist |
IRVINE, CA — RealtyTrac® (www.realtytrac.com), the leading
online marketplace for real estate data, today released its Midyear 2014 U.S.
Foreclosure Market Report™, which shows a total of 613,874 U.S. properties with
foreclosure filings — default notices, scheduled auctions and bank
repossessions — in the first half of 2014, a 19 percent decrease from the
previous six months and down 23 percent from the first half of 2013.
The report also shows that 0.47 percent of all U.S. housing
units (one in 214) had at least one foreclosure filing in the first six months
of the year.
“Nationwide foreclosure activity in June reached an
important milestone, dropping to levels not seen since before the housing price
bubble burst in August 2006,” said Daren Blomquist, vice president at
RealtyTrac. “Over the next six to nine months nationwide foreclosure numbers
should start to flat line at consistent historically normal levels.
“There continue to be concerning trends in some states and
local markets that clearly indicate those markets are not completely out of the
woods when it comes to the lingering foreclosure problem left over from the
housing bust,” Blomquist continued.
“While it’s important that any remaining foreclosure
infection is addressed promptly to keep it from festering, foreclosures are no
longer a widespread contagion threatening to derail the housing market’s return
to full health.”
For a complete copy of the company’s news release, please
contact:
Jennifer von Pohlmann
949.502.8300949.502.8300949.502.8300949.502.8300, ext. 139
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