Hi 16° | Lo -10°

In first 7 months of 2013, N.H. foreclosures down 26.4 percent compared with 2012

Foreclosures in New Hampshire are down 26.4 percent so far this year compared with 2012, and the New Hampshire Housing Finance Authority says the state is on track to see the lowest number of foreclosures in any year since 2007.

There were 214 foreclosure deeds recorded in July, down 20.4 percent from the same month last year, the authority announced yesterday. There were 1,692 foreclosures statewide in the first seven months of the year, compared with 2,298 over the same period in 2012.

The authority estimates New Hampshire will end 2013 with fewer than 3,000 foreclosures for the year. That would be the lowest annual tally since 2007, when 2,071 foreclosures deeds were recorded, a number that rose to a peak of 3,953 in 2010 before beginning to decline.

“These changes are in part due to slow but steady improvements in the housing market and the overall economy. They may also be attributable to the easing of lender attitudes toward short sales,” the authority said in a news release.

Legacy Comments0
There are no comments yet. Be the first!
Post a Comment

You must be registered to comment on stories. Click here to register.