Foreclosure Numbers Expected to Flat Line Over Next Six Months

[Corey Dutton]

According to a RealtyTrac foreclosure report released in June, foreclosure numbers are dropping nationwide. In June 2014, ten U.S. States saw the lowest level of foreclosures since August of 2006.

“Over the next six to nine months, nationwide foreclosure numbers should start to flat line at consistent historically normal levels,” said RealyTrac’s VP, Daren Blomquist.

Some additional information that came from June’s report saw an increase in foreclosure activity in nine States in the first half of 2014 (versus 1 year ago). The U.S. States that saw an increase in foreclosure activity included: New Jersey, Maryland, Iowa, Massachusetts, and Connecticut.

Posted by Corey Curwick Dutton