January 2019

EAST HAVEN NEW FORECLOSURES DIP BUT HOMES LOST TO FORECLOSURE REMAIN STEADY IN 2ND QUARTER OF 2018

New Foreclosures Drop While Home Loss Remains the Same

Despite a decrease in 2nd quarter East Haven, CT foreclosures, homes lost remained comparable with the 2nd quarter of 2017, the numbers remain at almost one home lost every three days. East Haven saw 37 new foreclosures and 28 savable homes lost to banks in the 90 day period. Both East Haven homes sales and home values have been rising for the past 5 years. Sales are up moderately from 143 homes sold in the second quarter of 2017 to 155 in the same period of 2018.

EAST HARTFORD, CT 2ND QUARTER 2018 FORECLOSURE RATES DOWN FROM 2017

East Hartford Homeowners Still Subject to High Foreclosure Rates

The number of East Hartford, CT homes lost to foreclosure has reached its second lowest in five years. Second quarter 2017 saw 63 homes lost while second quarter 2018 saw only 36 – a 57% decrease in just one year. Unfortunately, in 2018 East Hartford had 41 new foreclosures- nearly a 14% increase in new East Hartford foreclosures over the 36 new foreclosures commenced in the 2nd quarter of 2015.

BRIDGEPORT FORECLOSURES DECREASE WHILE LOST HOMES CONTINUE TO RISE

Second Quarter 2018 Bridgeport, CT Foreclosures Soaring

Bridgeport, CT continued with high foreclosure rates in the second quarter of 2018 with 171 foreclosures initiated in the 90 day period. This is almost two new foreclosures per day. While commenced foreclosures were almost 28% lower than the second quarter of 2017,156 savable Bridgeport homes were lost to foreclosure in the second quarter of 2018- an increase of 12% from the 2nd quarter of 2017