U.S. foreclosure activity during all of 2013 dropped 26% compared to 2012 to 1.361m properties, its lowest level since 2007 (1.3m filings), according to RealtyTrac U.S. Foreclosure Market Report.
- "The shadow cast by the foreclosure crisis is shrinking as fewer distressed properties enter foreclosure and properties already in foreclosure are poised to exit in greater numbers in 2014," said Daren Blomquist, vice president at RealtyTrac
- Overall foreclosure activity (default notices, scheduled auctions, bank repossessions) reached peak in 2010 when 2.9m properties filed
- 1.04% of U.S. housing units (one in every 96) had at least one foreclosure filing during year, down from 1.39% percent in 2012, down from peak of 2.23% in 2010
- States with highest foreclosure rates in 2013: Fla. (3.01%), Nev. (2.16%), Ill. (1.89%), Md. (1.57%), Ohio (1.53%)
- Including 2013, over past eight years 10.9m U.S. properties have started the foreclosure process, 5.6m have been repossessed
