Leave a Message

By providing your contact information to Malloy Home Team, your personal information will be processed in accordance with Malloy Home Team's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from Malloy Home Team in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from Malloy Home Team at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.

Yes, I agree to receive email or phone call communications from Malloy Home Team. Yes, I agree to receive SMS text messages from Malloy Home Team.

Thank you for your message. We will be in touch with you shortly.

Are Foreclosures Increasing or Decreasing?

Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market.

CoreLogic, in its most recent National Foreclosure Report, reported that foreclosure inventory has decreased by 23.2% since this time last year. The report also showed that foreclosure inventory has decreased in 49 of the 50 states and that 45 states have posted a year-over-year, double-digit decline (see chart below).

Other findings in the report:

The Seriously Delinquent Rate (homeowners more than 90 days behind in their mortgage payment) is 3.1%, which is the lowest level since November 2007
The Foreclosure Rate is 1.1%, which is also the lowest level since November 2007
This was the 53rd consecutive month that showed a decline in the Foreclosure Rate

Bottom Line

Though foreclosures do remain in the market, the number is dramatically decreasing. The fact that mortgage delinquency rates are also decreasing means the worst of the foreclosure crisis is in the rearview mirror.

Recent Blog Posts

Everyday Life In Palm Beach Gardens

A living room with a couch, two chairs, a coffee table, and a painting on the wall.

Why Palm Beach County Is the Perfect Paradise for Families and Fun

This paradise is a dream destination for those seeking luxury, exclusivity, and a captivating lifestyle.

Discover the Top Golf Course Communities in Palm Beach for Your Dream Home

This county in Florida is renowned for its luxurious golf course communities.

Explore How Juno Beach Offers Perfect Homes for Golf Lovers and Peace Seekers Alike!

It is a paradise for both golf enthusiasts and those seeking a serene lifestyle.

Why Do Luxury Buyers Love Singer Island's Stunning Ocean Views?

From sun-kissed beaches to exclusive homes, Singer Island has it all.

How to Make Your Luxury Home Shine for the Perfect Sale

Selling a luxury home: presentation, understanding the market, and targeting right audience.

Why Jupiter’s Luxury Homes Offer More Sunshine and Smiles With Every Sunrise

Embrace the lifestyle that comes with owning a piece of Jupiter's luxury real estate.

Discover the Perfect Waterfront Home in Jupiter: Find the Best Features for Your Peace and Style!

Understanding the area's unique properties can help match your style and needs.

Buying a Home Can Be Scary. Know the Facts!

Don't let the 20% down payment myth stop you; many buyers are now succeeding with under 10%.

View All

Malloy Home Team at SERHANT.

In a market where presentation, strategy, and relationships define outcomes, choosing the right team isn’t optional, it’s everything. At the Malloy Home Team at SERHANT., we don’t just list homes. We position them. We don’t just find properties. We secure opportunities others never see.