{"id":5404,"date":"2017-07-21T00:00:00","date_gmt":"2017-07-21T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/foreclosures-now-unicorns-of-housing-market\/"},"modified":"2017-07-22T12:23:48","modified_gmt":"2017-07-22T12:23:48","slug":"foreclosures-now-unicorns-of-housing-market","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/foreclosures-now-unicorns-of-housing-market\/","title":{"rendered":"Foreclosures Now \u2018Unicorns\u2019 of Housing Market"},"content":{"rendered":"

\n<\/p>\n

\n <\/p>\n
<\/p>\n

Foreclosure<\/a> filings, which include default notices, scheduled auctions, and bank repossessions, are down 20 percent from the same period a year ago, according to the Midyear 2017 U.S. Foreclosure Market Report from ATTOM Data Solutions.<\/p>\n

\u201cWith a few local market exceptions, foreclosures<\/a> have become the unicorns of the housing<\/a> market: hard to find but highly sought after,\u201d says Daren Blomquist, senior vice president at ATTOM Data Solutions.<\/p>\n

Foreclosures are fading overall, but there has been a notable uptick in\u00a0some areas. \u201cThese divergent foreclosure trends are likely the result of the big banks and government agencies selling off distressed loans<\/a> over the past few years to non-bank entities that are now foreclosing on an increasing volume of that deferred distress,\u201d Blomquist says.\u00a0<\/p>\n

The states with the highest foreclosure rates in the first half of 2017 were:\u00a0<\/p>\n

    \n
  1. New Jersey<\/li>\n
  2. Delaware<\/li>\n
  3. Maryland<\/li>\n
  4. Illinois<\/li>\n
  5. Connecticut<\/li>\n
  6. Nevada\u00a0<\/li>\n
  7. Florida<\/li>\n
  8. South Carolina<\/li>\n
  9. Ohio<\/li>\n
  10. New Mexico<\/li>\n<\/ol>\n

    On a metro level, the cities (with populations of at least 200,000) with the highest foreclosure rates in the first half of 2017 were:\u00a0<\/p>\n

      \n
    1. Atlantic City, N.J.: 1.71% of housing units with foreclosure filings<\/li>\n
    2. Trenton, N.J.: 1.02%\u00a0<\/li>\n
    3. Philadelphia, Pa.: 0.79%\u00a0<\/li>\n
    4. Rockford, Ill.: 0.74%<\/li>\n
    5. Baltimore, Md.: 0.69%<\/li>\n<\/ol>\n