For the fourth consecutive month, the number of delinquent loans increased year over year. In September, 3% of all U.S. mortgages were in some stage of delinquency. Although the majority of U.S. metro areas saw increases in delinquency rates, the nation’s serious delinquency rate did not change year over year, and the U.S. foreclosure rate stayed roughly the same as last year in September.  While delinquency rates are increases, compared to previous periods, the overall delinquency rate in the U.S. remains low. Click here to read CoreLogic’s full Loan Performance Insights report with September 2024 data, which features commentary from Senior Principal Economist Molly Boesel. All archived Loan Performance Insights reports are available at this home page, while regular housing market reports and blog posts from  CoreLogic’s economists can be found here.

Foreclosure Starts Decrease 3 Percent from Last Month; Completed Foreclosures Increase 5 Percent from Last Month  IRVINE, Calif. — Dec. 10, 2024 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its November 2024 U.S. Foreclosure Market Report, which shows there were a total of 29,390 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 9 percent from a year ago, and down 5 percent from the prior month. “The slight decline in U.S. foreclosure activity during November most likely reflects the seasonal ebb we often see this time of year,” said Rob Barber, CEO at ATTOM. “While foreclosure filings are down both month-over-month and year-over-year, the data highlights areas of the country, such as Nevada, Florida, and Connecticut, where foreclosure rates remain relatively high. As we move into 2025, we’ll be closely monitoring how economic pressures and market dynamics …

According to ATTOM’s newly released Q3 2024 Housing Market Impact Risk Report, California, New Jersey, and Illinois once again feature a high concentration of the most at-risk markets, with several areas in Florida also falling into this category. Meanwhile, the least-vulnerable markets remain predominantly clustered in the South.  The report highlights county-level housing markets across the United States that are more or less susceptible to declines in the third quarter of 2024. WATCH: ATTOM #FiguresFriday – Top 10 Most Vulnerable U.S. Housing Markets in Q3 2024 The analysis also noted that third-quarter trends, based on factors such as affordability gaps, underwater mortgages, foreclosures, and unemployment rates, showed that two-thirds of the 50 counties deemed most vulnerable to potential declines were located in California, Florida, Illinois, and New Jersey. Notably, Florida joined this group in the third quarter, marking a shift from earlier periods when fewer of its markets were categorized …

This Election’s Biggest Winner Might Be Landlords By Scot Aubrey As the 2024 U.S. presidential election recently closed, landlords across the country are celebrating many of the positive outcomes they saw in regard to housing, tax, and economic policies that will affect their businesses.  Whether it’s rent control, tenant protection laws, or economic conditions, this often-contentious election outcome will have an impact on the investment real estate market for years to come.  Here’s what landlords should be on the lookout for: Rent Control Normally reserved for large population center cities, rent control has moved beyond big-city limits and is trying to make its way into our local communities.  The outcome of many propositions around the country promoting rent control policies were effectively shot down, mostly by landlord voters like you.  Even in California, Prop 33, which would have put rent control policies in place statewide, was defeated.   These proposals could …