Thursday, October 11, 2018

Q3 2018 Foreclosure Activity Down 8 Percent From Year Ago to Lowest Level since Q4 2005 Foreclosures

Daren Blomquist

IRVINE, CA, Oct. 11, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q3 2018 U.S. Foreclosure Market Report™, which shows a total of 177,146 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the third quarter, down 6 percent from the previous quarter and down 8 percent from a year ago to the lowest level since Q4 2005 — a nearly 13-year low.

U.S. foreclosure activity in Q3 2018 was 36 percent below the pre-recession average of 278,912 properties with foreclosure filings per quarter between Q1 2006 and Q3 2007 — the eighth consecutive quarter where U.S. foreclosure activity has registered below the pre-recession average.

“A decade after poorly underwritten mortgages triggered a housing market crash, it’s clear that the foreclosure risk associated with those problem mortgages has faded — average foreclosure timelines have dropped to a two-year low, and the share of foreclosures tied to 2004-to-2008 loans has dropped well below 50 percent,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. 

“The biggest foreclosure risk in today’s housing market comes from natural disaster events such as the twin hurricanes of a year ago. Foreclosure starts spiked in the third quarter in many local markets impacted by those hurricanes. 

"Secondarily, we are seeing relatively modest — but more widespread — foreclosure risk associated with FHA loans originated in 2014 and 2015.”


Christine Stricker

Data and Report Licensing:

Thousands in San Diego Join Local Leaders to Celebrate Campland on the Bay’s 50th Anniversary

From left: Dave Mack, Friends of Campland;  Terri Campbell, Friends of Campland; Lorie Zapf, City of San Diego City Council; Michael Gelfand, Campland on the Bay;  Jacob Gelfand, Campland on the Bay;  Sal Giametta, Office of Supervisor Ron Roberts; and  James McGuirk, Discover PB

SAN DIEGO, CA  –  Joined by City of San Diego Councilmember Lorie Zapf and other community leaders, thousands of campers gathered together this weekend in celebration of Campland on the Bay’s 50th year providing waterfront camping in Mission Bay.

Since its founding, the San Diego campground has provided affordable coastal access to more than one million visitors, many of whom are from San Diego and return year-after-year.

Both  Zapf and County Supervisor Ron Roberts, who represent the area, provided official proclamations to commemorate the occasion.

Lorie Zapf

“For 50 years, Campland on the Bay has provided affordable waterfront accommodations on Mission Bay for San Diego families, serving as a beloved destination where multiple generations come together to experience a sense of community, recreate, make friends and build memories,” said Zapf, who represents Mission Bay and nearby beach communities.

Ron Roberts

Campland on the Bay’s President Michael Gelfand, who was at the event to accept the proclamations presented by the City and County said,

“Three generations of my family have had the great honor and responsibility of operating Campland.  It is a truly special place which plays host to multi-generational families who come back again and again.”

Michael D. Gelfand

Last year alone, Campland generated $2.8 million in City rent and transient occupancy tax. On average, Campland accommodates 100,000 campers per year, the majority of whom live in San Diego.

Throughout 2017, Campland accommodated 121,974 site nights worth of reservations, with one of its highest occupancy rates on record. The average occupancy rate in July 2017 reached 80.3%, with virtually no vacancy over Memorial Day, Fourth of July, Labor Day, and many other summer weekends.

Campland’s guests include tens of thousands of San Diego families, along with visitors who support neighboring small businesses during their stay.

Mission Bay, San Diego, CA

Campland also provides affordable overnight accommodations along the coast at a time when research shows such access is increasingly rare and most Californians cannot afford the average cost of a hotel along the water.

At the event, community leaders and elected officials also recognized Campland Cares, Campland on the Bay’s longstanding camper-participation fundraising program, which supports local community programs including: Discover PB Clean and Safe, I Love a Clean San Diego, Promises2Kids and the San Diego Humane Society.

Jacob Gelfand, (760) 846-2226,