Sunday, December 7, 2014

RealtyTrac Reports 37 Percent of 475 Counties Analyzed Post Rising Foreclosure Rates on 2014 Vintage Loans

Daren Blomquist
IRVINE, CA — RealtyTrac® (, the nation’s leading source for comprehensive housing data, released a report identifying county-level housing markets with early warning signs of a possible home price bubble — where prices overinflate and eventually decline.

The report also identified markets with little risk for a home price bubble.

The report analyzed 475 U.S. counties with a combined population of more than 221 million — accounting for more than 70 percent the total U.S. population — based on three early warning signs of a possible home price bubble.

“Affordability and foreclosure rates by loan vintage are two key metrics that will help consumers, investors, institutions and policy makers identify if a housing market is at risk for another price bubble,” said Daren Blomquist, vice president at RealtyTrac.

 “While 99 percent of markets have not returned to the irrational affordability levels during the previous housing bubble, one in five markets have now exceeded their historical affordability norms, which is a strong sign that either a new home price bubble is forming in those markets or that home price appreciation will soon plateau until incomes can catch up.”

For a complete copy of the company’s news release, please contact:

Jennifer Von Pohlmann
 949.502.8300949.502.8300, ext. 139

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