Foreclosure increase in August more than double the norm
The rise in foreclosure filings for August over July was more than double the historic increase between these two months, said Attom Data Solutions. “There is often a seasonal monthly increase in foreclosure activity in August paralleling the seasonal slowdown in the overall real estate market, but the 14% month-over-month increase nationwide this August is more than twice the average 6% seasonal increase in August over the previous 10 years – the highest in fact since a 37% month-over-month increase in August 2007,” said Attom Data Solutions Senior Vice President Daren Blomquist in a press release.