Urban areas make up just 3.6% of the total land in the 48 contiguous states, but now 80% of Americans live in these areas- and the numbers continue to grow at a rapid rate.
-Bloomberg, July 31, 2018
Lenders foreclosed on 133,290 homes in the first 6 months of 2018, down 21.2% from 169,124 foreclosures in the first half of 2017. The peak of bank repossessions in the last decade was in 2010 when more than 1 million homes (1,050,500) were taken back by lenders. ( Source: Attom Data Solutions)