Foreclosures Slow Considerably in 2018

Fewer and fewer homeowners are finding themselves in a situation where they are being foreclosed on in Harrisonburg and Rockingham County.  The data above reflects the number of completed foreclosure sales in the first ten months of the year for each of the past four years as well as the current year.

The number of foreclosures (in the first 10 months of the year) has fallen 35% over the past year -- and an astonishing 52% from where we were four years ago. 

This is likely a result of rising home values, leaving fewer homeowners in a situation where they cannot sell their home if they are no longer able to make their mortgage payments.