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| Daren Blomquist |
IRVINE, CA, Aug. 14, 2014 — RealtyTrac®
(www.realtytrac.com), the nation’s leading source for comprehensive housing
data, today released its U.S. Foreclosure Market Report™ for July 2014, which
shows foreclosure filings — default notices, scheduled auctions and bank
repossessions — were reported on 109,434 U.S. properties in July, an increase
of 2 percent from the previous month but still down 16 percent from a year ago.
The report also shows one in every 1,203 U.S. housing units
with a foreclosure filing during the month.
“July was the 46th consecutive month where U.S. foreclosure
activity was down on a year-over-year basis,” said Daren Blomquist, vice
president at RealtyTrac.
“After nearly four years of falling foreclosures, we are
starting to see evidence that foreclosure numbers are normalizing at the
national level.
"The 16 percent decrease in July was exactly half the annual
decrease we saw a year ago in July 2013, when U.S. foreclosure activity was
down 32 percent on a year-over-year basis.
“The number of state and local markets with persistent
foreclosure problems is becoming fewer and farther between, although there were
some surprise spikes in foreclosure activity in July in markets that had
previously been experiencing long-term downward trends in foreclosure
activity,” Blomquist noted.
“For example,
Houston foreclosure activity jumped 66 percent in July compared to a year ago
following 23 consecutive months of decreases, and Los Angeles foreclosure
activity was up 10 percent from a year ago following 31 consecutive months of
decreases.”
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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