Video Analysis: Bank Repossessions Jump 11 Percent, Foreclosure Starts Up 4 Percent in May

U.S. bank repossessions jumped 11 percent from the previous month in May, the first monthly increase since November 2012, while foreclosure starts increased 4 percent from the previous month and now have increased on a monthly basis in three of the last four months, according to the latest RealtyTrac U.S. Foreclosure Market Report.  

Bank repossessions increased from the previous month in 33 states, while foreclosure starts increased from the previous month in 26 states. In the video below RealtyTrac Vice President Daren Blomquist explains why activity on both ends of the foreclosure pipeline is increasing on a monthly basis in some states even while the overall national numbers continue to drop from a year ago.

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved