Foreclosure starts nationwide plummeted to an 11-year low in July, but not everywhere is seeing the drop. In fact, a handful of cities and counties are seeing the opposite, with even one state seeing a jump by more than 100 percent in starts.
Thirteen states posted a year-over-year increase in foreclosure starts in July, according to new foreclosure data released by ATTOM Data Solutions. Those states seeing an increase include:
Delaware: foreclosure starts jumped 113%
South Carolina: +3%
Of the 1,713 counties analyzed with foreclosure starts in July, 36 percent posted year-over-year increases, including Maricopa County (up 43 percent); Prince George’s County, Md. (up 33 percent); Baltimore City, Maryland (up 11 percent); Cuyahoga County, Ohio (up 3 percent); and Broward County, Fla. (up 2 percent).
In July, the metros with populations of at least 200,000 that had the highest overall foreclosure rate were:
Atlantic City, N.J.: 1 in every 232 housing units with a foreclosure filing)
Trenton, N.J.: 1 in every 515
Lakeland-Winter Haven, Fla.: 1 in every 565
Deltona-Daytona Beach-Ormond Beach, Fla.: 1 in every 568
Tampa-St. Petersburg-Clearwater, Fla.: 1 in every 698
Nationally, one in every 1,540 housing units received a foreclosure filing in July.
Daily Real Estate News | Friday, April 08, 2016
Mortgage rates this week plunged to their lowest level since February 2015, unlocking more savings for home buyers and home owners who are refinancing.
"Mortgage rates this week registered the delayed impact of last week's sharp drop in [...]