Below are the latest stats provided by our friends at Ticor Title. January has set another all-time record high for number of NODs in a single month, with 381. This represents an18% increase over December’s record high of 324 NODs.
Meanwhile, January’s home sales, both new and resale, have set another all-time low. Click on the charts below to expand.
CBam
The NOD chart is a horror show.
Unless something changes the trends (spring selling season?) we’ll have more NOD’s each month than total home sales.
One question: Are foreclosures counted in the resales count on the second chart?