Foreclosures at 14-year low

[Mark Rogers]

Foreclosures have continued their decline to a 14-year low. Arkansas foreclosures are down 23% from Q3 2018. Two points: (1) the Arkansas numbers may be skewed a bit because of a temporary pause due to flooding; and (2) this does not even vaguely resemble the run-up to the 2008 recession during which foreclosures were at all-time highs, cures were at all-time lows, and lending was notoriously loose. Attom Data report

[Matthew Reid]

@Mark Rogers

What do you think contributes to such a low foreclosure rate in Arkansas as opposed to other states? I know in Jonesboro the cost of living is relatively low, and there is an abundance of jobs in Northeast Arkansas.