Analysis: North Carolina posts 16th highest foreclosure rate in first quarter


One in 927 properties in North Carolina started the foreclosure process during the first quarter of the year -- the 16th highest foreclosure rate in the nation, according to an ATTOM Data Solutions analysis of property data.

A total of 4,878 properties in the state had foreclosure filings during the first three months of 2019, the data showed. That’s out of 4,521,697 housing units statewide. The foreclosure rate in the state was down 27.1 percent from the same period a year earlier.

“While we did see a slight increase in U.S. foreclosure starts from last quarter, bank repossessions reached an all-time low in the first quarter of 2019, showing continuing signs of a strong housing market,” said Todd Teta, ATTOM Data’s chief product officer.

Only 15 states reported year-over-year rises in foreclosure filings from Jan. 1 to the end of March, the analysis found.

Nationwide, nearly 162,000 properties began the foreclosure process during the first quarter, a 14.74 percent decrease over the first quarter of 2018, according to ATTOM Data.

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State Foreclosure Activity in Q1 2019

State

Housing Units

 Q1 2019 Properties with Foreclosure Filings 

 Foreclosure Rate (Housing Units Per Foreclosure Filing) 

Foreclosure Ranking (Housing Units Per Foreclosure Filing)

% Change From Q1 2018

New Jersey

3,595,055

10,806

  333 

1

-29.77

Delaware

423,489

1,163

  364 

2

-11.83

Maryland

2,427,014

5,887

  412 

3

-6.35

Florida

9,259,684

19,011

  487 

4

24.46

Illinois

5,334,847

10,909

  489 

5

-12.62

South Carolina

2,229,324

4,104

  543 

6

-14.27

Connecticut

1,507,711

2,561

  589 

7

-6.94

Ohio

5,174,838

8,574

  604 

8

-19.96

Nevada

1,220,422

2,020

  604 

9

-14.66

New Mexico

927,790

1,245

  745 

10

-26.76

Pennsylvania

5,653,599

7,274

  777 

11

-18.67

Oklahoma

1,712,841

2,163

  792 

12

-17.57

New York

8,255,911

10,245

  806 

13

-20.18

Indiana

2,855,378

3,222

  886 

14

-36.49

Georgia

4,203,288

4,742

  886 

15

-13.26

North Carolina

4,521,697

4,878

  927 

16

-27.14

Alabama

2,231,126

2,361

  945 

17

-26.54

Texas

10,611,386

10,545

  1,006 

18

-1.78

Louisiana

2,031,064

2,014

  1,008 

19

-8.79

Massachusetts

2,864,989

2,749

  1,042 

20

-22.78

California

13,996,299

13,426

  1,042 

21

-12.07

Tennessee

2,903,199

2,745

  1,058 

22

-14.65

Maine

735,711

  663 

  1,110 

23

-6.22

Utah

1,046,597

  937 

  1,117 

24

-11.35

Virginia

3,466,921

3,037

  1,142 

25

-20.66

Rhode Island

466,670

  408 

  1,144 

26

0.00

Arizona

2,941,894

2,567

  1,146 

27

-41.62

Missouri

2,763,250

2,305

  1,199 

28

-20.08

Hawaii

535,543

  443 

  1,209 

29

3.02

Iowa

1,376,133

1,093

  1,259 

30

-37.72

Wisconsin

2,668,692

2,119

  1,259 

31

-21.40

Michigan

4,568,200

3,610

  1,265 

32

-13.43

Oregon

1,733,041

1,354

  1,280 

33

-17.89

Alaska

311,693

  240 

  1,299 

34

-35.83

Kentucky

1,965,202

1,387

  1,417 

35

-26.61

Mississippi

1,308,259

  913 

  1,433 

36

11.61

New Hampshire

627,619

  429 

  1,463 

37

-3.38

Arkansas

1,353,745

  922 

  1,468 

38

-15.49

Colorado

2,319,737

1,350

  1,718 

39

-7.15

Washington

3,025,516

1,718

  1,761 

40

-1.38

Nebraska

824,176

  462 

  1,784 

41

-31.35

Kansas

1,259,647

  702 

  1,794 

42

-25.00

Wyoming

273,088

  151 

  1,809 

43

-32.89

Minnesota

2,404,624

1,263

  1,904 

44

-33.56

West Virginia

889,277

  303 

  2,935 

45

4.12

Vermont

331,106

  110 

  3,010 

46

-12.70

Idaho

701,196

  229 

  3,062 

47

-33.04

Montana

501,099

  148 

  3,386 

48

-3.90

South Dakota

379,279

  58 

  6,539 

49

-23.68

North Dakota

360,660

  52 

  6,936 

50

-22.39

United States

135,387,687

161,875

  836 

-14.74

Source: ATTOM Data Solutions

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