Foreclosure activity sank in the third quarter of 2019, dropping to the lowest level in nearly 15 years, according to the latest report from ATTOM Data Solutions, HousingWire.com reported. Foreclosure activity in the third quarter fell 19 percent from a year ago to the lowest level since the second quarter of 2005, a 13-year low, ATTOM’s Q3 2019 U.S. Foreclosure Market Report showed. There were a total of 143,105 U.S. properties with foreclosure filings in the third quarter, which includes default notices, scheduled auctions or bank repossessions. This represents a decrease of 6 percent from the previous quarter and a decrease of 19 percent from a year ago, the report showed. Total foreclosure activity in the third quarter was 49 percent below the pre-recession average of 278,912 properties with foreclosure filings per quarter between the first quarter of 2006 and the third quarter of 2007 – the 12th consecutive quarter where U.S. foreclosure activity has registered below the pre-recession average.
