Will Foreclosures Go up?

Will Foreclosures Go up?

Recent reports by the real estate analysis firm ATTOM Data Solutions find foreclosures increasing of late, with month over month bumps in foreclosure filings during both February and March 2021. March's increase, with 11,880 filings, was 5% over February.

Will foreclosures increase in 2021?

ATTOM Data Solutions expects at least 200,000 defaults in 2021 and a 70% increase in foreclosures over the subsequent two years ─ a significant increase from current levels, but a far cry from the 6 million foreclosures following the 2007 crash.

Are home foreclosures on the rise?

Prior to the expiration of the federal foreclosure moratorium in July, data shows that foreclosure activity decreased slightly last month. However, experts predict it could begin to increase throughout the second half of 2021. ... This is down 4% from the previous month but up 40% from 2020.

Robert Thorne
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Robert Thorne

Robert Thorne covers electric vehicle innovations, autonomous driving systems, global mobility trends, and automotive engineering developments.