Foreclosure sign

Although foreclosure starts are still falling midway through 2018, the rates are actually rising in 40% of local markets according to ATTOM Data Solutions’ Midyear 2018 U.S. Foreclosure Market Report. The report indicated a total of 362,275 U.S. properties with foreclosure filings. Those filings include default notices, scheduled auctions, and bank repossessions. Not every filing ultimately results in a foreclosure, but the rate of filing is a good indicator of foreclosure trends both present and future.

The midyear number is down 15% from the same measure in 2017 and 78% from that measure in 2010. However, 26 of the 219 metropolitan statistical areas (MSAs) analyzed in the report posted year-over-year increases in foreclosure starts. Daren Blomquist,…