Foreclosure rates across the country have reached their lowest level in 20 years. Even more, we can credit the high home values for the good times. So, research shows that only four-tenths of one percent of U.S. homes were in foreclosure in July 2019. That’s according to data from CoreLogic data.
Quoting the Core Logic report, “Our latest home equity report found between the first quarter of 2011 (after the crash) and the second quarter of 2019 (today), average equity per borrower increased one-hundred-thousand dollars.”
“With higher home values fewer homeowners with loans are struggling with their properties, and that is making foreclosure less likely.”