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Foreclosure Filings Continue to Drop

According to the foreclosure tracking firm RealtyTrac, foreclosure filings in New Hampshire fell again in December, marking the third straight month of decreases. Statewide, 405 houses received a foreclosure filing, compared to 578 in November and 739 in October. There are currently 3703 foreclosure properties in the state.

The December filing data translates into 1 in every 1,518 houses receiving a notice statewide. In comparison, the national average for the month was 1 in 810. At 405, last month saw the fewest filings of any month in 2012.

Of the homes receiving a notice, 178 went to auction with 227 being repossessed by the lender.

December also saw a drop in foreclosure home sales with 150 being sold, a low for the year. However, the low number is not because of weakness in the market, but normal seasonal trends.

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NH Forclosure Filings up slightly for April

Figures from Realtytrac, a foreclosure tracking firm, show foreclosure filings increased slightly in New Hampshire for the month of April to 727. This is up from 674 in March. Foreclosure filings for the purpose of this snapshot are the number of properties receiving a default notice, a foreclosure auction notice or bank repossession.

The state foreclosure rate is now 1 in 846 properties, up slightly from 1 in 912.

However, New Hampshire continues to have a much lower rate than the national average of 1 in 698.

Hillsborough County has the highest rate of 1 in 686, while Carroll County came in the lowest with 1 in 1327

While the uptick is not good news in term of the housing recovery, the magnitude is only 53 additional housing units. This slight increase is not New Hampshire specific however, other states in the region also saw slight increases in April.

However, it remains to be seen if the April data is a blip, or the beginning of a trend. Previous months figures, as well as other series of economic data indicate that the housing market is generally recovering, albeit slowly which makes it unlikely, (though not impossible) that this is the beginning of an serious upward trend.

 

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New Hampshire Forclosure Filings Continue to Fall

The foreclosure tracking firm RealtyTrac released its March foreclosure data this week which showed that the number of foreclosure filings continue to fall both here in New Hampshire and across the country. A foreclosure filing is either a default notice, bank repossession or foreclosure auction notice.

March saw 674  filings, which marked the third month in a row that they have fallen here in New Hampshire. Last month saw 737.

While New Hampshire has 1 housing unit in foreclosure per 912, which is higher than neighboring states , it is still well below the national average of 1 in 662.

While Merrimack and Strafford Counties have the highest ratios of foreclosures, Hillsborough County followed by Rockingham County continues to have the greatest number overall, which makes sense due to the size of the population in comparison to the rest of the state.

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