Foreclosure Filings Fall Nearly 10% in November

Irvine, CA, December 10, 2015—Foreclosure filings were reported on 104,111 U.S. properties in November, a decrease of nearly 10% from the previous month and down more than 7% from a year ago, according to RealtyTrac’s U.S. Foreclosure Market Report for November. The report also shows one in every 1,268 U.S. housing units with a foreclosure filing during the month.

The 10% monthly decrease in overall foreclosure activity was caused largely by a 15% monthly drop in foreclosure starts, with 41,208 properties starting the foreclosure process for the first time in November, the lowest monthly total since May 2005. Foreclosure starts have decreased on a monthly basis for seven of the last eight months—with the exception of a monthly increase in October—and November was the fifth consecutive month where national foreclosure starts decreased on a year-over-year basis.

Bucking the national trend, there were nine states where foreclosure starts increased from a year ago, including Oklahoma (up 246%), Arkansas (up 180%), Virginia (up 39%), Maine (up 5%), and Massachusetts (up 14%).