THIS WEEK'S INDUSTRY HEADLINES WITH KEVIN KAUFFMAN & FRED WEAVER

(Tech Company) Keller Williams launches new real estate listings website

 

The company said that it’s in an effort to be centered on an improved, neighborhood-based home search experience.

 

Keller Williams Vice President of Industry, Jason Abrams, said that the difference in the search is that it is neighborhood-centric

 

“We are excited about the new responsive functionalities of KW.com. We also added content to better serve consumers on their home buying, selling, and renting journeys,” said Keller Williams spokesperson Darryl Frost.

 

**Reference that an article was written about how it’s easier to find the KW listing agent on Zillow’s website now than it is on KW.com’s website

 

 

Foreclosure filings hit a 15-year low

 

Foreclosure filings hit an all-time low in 2019, according to a new study published Thursday by ATTOM Data Solutions, which began tracking the metric in 2005.

A modest 493,066 foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported in 2019, down 21 percent from 2018 and down 83 percent from a peak high of nearly 2.9 million in 2010, according to ATTOM.

 

The 493,066 properties with foreclosure filings in 2019 were representative of just 0.36 percent of all U.S. housing units. Comparatively, 0.47 percent of all housing units had foreclosure filings in 2018, and in 2010, 2.23 percent of all housing units had foreclosure filings.

 

Lenders repossessed 143,955 properties in 2019, a year-over-year decline of 37, and once again, the lowest level since ATTOM began tracking the data.

 

New Jersey, Delaware, Maryland, Florida, and Illinois were the states with the most foreclosure filings. In New Jersey, which has held the top spot since 2015, 0.82 percent of housing units had a foreclosure filing.