During the first six months of 2015, foreclosure filings in the United States were the lowest since 2006 and the number of foreclosures started was 4 percent less than the same period in 2014, RealtyTrac reported today.
According to a story on Housing Wire.com, a total of 597,589 U.S. properties had default notices, scheduled auctions and bank repossessions, also known as foreclosure filings from January through June. That number was 13 percent less than what was reported during the second half of 2014 and 18 percent less than the first half of 2006.
A total of 304,439 U.S. properties started the foreclosure process during the first half of the year. In 19 states, including Illinois, foreclosure starts were at or below pre-crisis levels of 2006.
“U.S. foreclosure starts have not only returned to pre-housing crisis levels, they have fallen well below those pre-crisis levels and are still searching for a floor, down 4 percent from a year ago,” said RealtyTrac Vice President Daren Blomquist.