Posted on September 3, 2014
(Since 2009, MHP has been publishing quarterly and special Foreclosure Monitor reports to provide a better understanding of where distressed properties are having the most impact and to help policy leaders and local officials target their resources effectively. To see all the Foreclosure Monitor reports, go to our archive).
Special reports
5 years of Foreclosure Monitor: Lessons learned NEW
BOSTON, Sept. 3, 2014 --- Five years, 25 editions of the Foreclosure Monitor, and a recovering housing market are milestones that provide an excellent opportunity to review what has happened, what we’ve learned and what areas and trends still need the attention of policy makers.
New law may be reason why foreclosures down sharply
BOSTON, May 31, 2013 --- Recent news reports trumpeted year-over-year drops in completed foreclosures as evidence that the foreclosure crisis is over. And while rising home sale prices provide hope that the state's housing market has turned a corner, the steep drop may have more to do with banks slowing down their foreclosure processing, which is similar to what happened in 2008 and 2010 when processing slowdowns by banks caused foreclosure rates to fall dramatically.
Past recessions indicate return to norm years away; high volume of distress lingers
BOSTON, Jan. 15, 2013 --- Comparing the extent and pace of the 1990s real estate recession to this recession, Foreclosure Monitor estimates that we're a few years away from home prices and property distress returning to pre-recession levels, especially given that there are approximately 52,000 mortgages that are either 90 days delinquent or in some stage of the foreclosure process.
Recent quarterly reports
Boston, Gateway cities lead distress dip NEW
BOSTON, Aug. 15, 2014 --- Overall foreclosure distress in Massachusetts declined 43.7 percent from July 2013 to July 2014, with Boston and the state's gateway cities both seeing healthy declines.
Distress down considerably from last year, but concerns linger
BOSTON, May 16, 2014 --- Overall foreclosure distress in Massachusetts declined 56.9 percent from April 2013 to April 2014, from 8.8 units per 1,000 housing units, to 3.8 units per 1,000 housing units. With a strong 64.4 percent decline in distress, Boston has outperformed the state as a whole.
Recovery-wise, there are 2 Massachusetts
BOSTON, Feb. 4, 2014 --- When it comes to the real estate recovery, there are two Massachusetts, one where the recovery is strong and prolonged, the other not as much. This fact was made clear in Foreclosure Monitor's latest analysis of foreclosed properties as the data shows that the raw number of properties in foreclosure distress in Springfield has surpassed that of Boston, despite the fact that Boston is over four times bigger than Springfield.
City of Lawrence leads Gateway rebound
BOSTON, Nov. 22, 2013 --- While an improving real estate market has fueled recent declines in foreclosures, the filing of foreclosure petitions has edged upwards in the past few months. While not nearly as numerous as a year ago, the uptick is nevertheless is a sure sign that lenders are adjusting to new foreclosure regulations enacted late in 2012, according to the latest analysis by Foreclosure Monitor.
Foreclosure Monitor archive
To view all Foreclosure Monitor quarterly and special reports going back to 2009, please go to our archive.