Report: Foreclosure Inventory Hits Record Level in June

While existing home sales fell, the Census Bureau reports that sales of new singlefamily houses increased by 7% in June month-over-month, and increased by 4.5% year-over-year.

July Prepayment Activity Hits Highest Level Since 2016; Mortgage Delinquencies See Strong Recovery from June Spike. As seen in The Title Report July 24, #Prepayment activity jumped 26% from June to its highest level in nearly three years and 58% above this time last year as falling #.

Existing home sales rebounded in May as low inventory levels pushed median home prices to a new high, according to the latest report from the National Association. passing up last June’s $247,600.

The report also shows that one in every 374 U.S. housing units received a foreclosure filing in April, the highest monthly foreclosure rate ever posted since realtytrac began issuing its report in January 2005. "Total foreclosure activity in April ended up slightly above the previous month, once again hitting a record-high level," said.

22, 2019 /PRNewswire/ — Black Knight, Inc. (NYSE: BKI) reports the following " first. At 3.46%, July 2019's delinquency rate is the lowest of any July on record. Number of properties in foreclosure pre-sale inventory: 258,000

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Americans took out $119 billion in auto loans from April through June. the record high reached in 2008. Mortgage debt, the biggest category, declined by $55 billion in the second quarter to $8.1.

Economists forecast annualized housing starts of 210,000 units in June, from 193,902 in May. Demand for condos seems to be high given low levels of inventory. In a separate report, Statistics.

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But the region’s median home price – or price at the midpoint of all sales – hit $535,000, just shy of the $537,000 record price. of affordable inventory is one of the main culprits of this.

Strong housing market helps reduce lingering foreclosure inventory While peaks and valleys in the market are expected, there’s been a sharp increase in available units since the beginning of last year. Despite the cooling off, many real estate experts said they still.

In particular, foreclosures soared to new record highs in June, LPS found: The national foreclosure inventory rate during June was 2.86%, up 2.5% from one month earlier and a huge increase of 86.1.