Attom: Foreclosure filings expected to reach pre-pandemic levels later this year - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

The year-end findings weren't necessarily a surprise, but the ratio between foreclosure starts and repossessions is noteworthy.

That's according to Irvine, California-based Attom Data Solutions LLC, which collected data from more than 3,000 counties nationally for its analysis. Foreclosure filings include default notices, scheduled auctions and bank repossessions.

"It does suggest, because there’s so much equity that homeowners have access to, we’re seeing people more successfully avoiding that final foreclosure action on their property, whether by selling it at a profit or because their temporary job situation has improved or they’ve refinanced into a new loan," Sharga said.

He said the X factor will be whether the U.S. economy enters a recession this year, which many economists are predicting.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 78. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pac-12 relocating production studio from San Francisco to San Ramon - San Francisco Business TimesIt's part of a new approach the athletic conference announced in 2022.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Tuesday Digest: Supes elect new president; Capella fuels up on funding - San Francisco Business TimesMeanwhile, a Utah-based group has acquired a Concord nursing home that was the subject of a federal investigation.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »

Coinbase, Scale AI make deep staff cuts - San Francisco Business TimesTwo more San Francisco tech firms — one publicly traded and the other a unicorn — each slashed 20% of their workforce on Tuesday bayarea layoffs
Source: SFBusinessTimes - 🏆 78. / 68 Read more »