13 min listen
1214 - Foreclosure Activity Increased in 2023—But What Do the Numbers Mean for Investors? by Anna Cottrell
1214 - Foreclosure Activity Increased in 2023—But What Do the Numbers Mean for Investors? by Anna Cottrell
ratings:
Length:
11 minutes
Released:
Feb 10, 2024
Format:
Podcast episode
Description
ATTOM’s Year-End 2023 U.S. Foreclosure Market Report shows that foreclosure activity increased last year from 2022 levels, but is this a cause for concern for investors?
The ATTOM report shows that foreclosure filings, which include default notices, auctions, and repossessions, stood at 357,062, up 10% from 2022 and 136% from 2021. These figures look much less alarming, however, when set in the context of pre-pandemic foreclosure levels. Foreclosure activity in 2023 was still 28% lower than it had been in 2019 and down a massive 88% from its peak in financial crisis-ravaged 2010.
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The ATTOM report shows that foreclosure filings, which include default notices, auctions, and repossessions, stood at 357,062, up 10% from 2022 and 136% from 2021. These figures look much less alarming, however, when set in the context of pre-pandemic foreclosure levels. Foreclosure activity in 2023 was still 28% lower than it had been in 2019 and down a massive 88% from its peak in financial crisis-ravaged 2010.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Feb 10, 2024
Format:
Podcast episode
Titles in the series (100)
785 - Is Florida’s Housing Market About To Get Even More Unaffordable? What You Need To Know by Lindsay Frankel by BiggerPockets Daily