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ATTOM Data Solutions: U.S. Foreclosure Activity Reaches 16-Year Low
5 days ago - By RIS Media
The economy has been significantly hit by the coronavirus, and real estate is no exception. However, due to the moratoriums imposed by the government, foreclosure activity has effectively stalled in the last year. According to a new report from ATTOM Data Solutions , foreclosure activity was down 57 percent in 2020 YoY, and down 93 percent from a peak of nearly 2.9 million in 2010. This is the lowest level since tracking began in 2005.
“The government's moratoria have effectively stopped foreclosure activity on everything but vacant and abandoned properties. There is a backlog of...
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