IRVINE, CA—Defaults, repossessions and auctions during 2015 were down 3% from 2014 and 62% from the peak in 2010, according to a report released today by RealtyTrac.
The housing data firm released its Year-End 2015 U.S. Foreclosure Market Report, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 1,083,572 U.S. properties in 2015. The nearly 1.1 million properties with foreclosure filings in 2015 was the lowest annual total since 2006, when there were 717,522 properties with foreclosure filings nationwide.
The 2015 report also shows that 0.82% of all U.S. housing units (one in every 122) had at least one foreclosure filing in 2015, the second consecutive year where the annual foreclosure rate has been below 1% of all U.S. housing units.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
