According to ATTOM Data’s May 2024 U.S. Foreclosure Market Report, there were a total of 32,621 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions) – up 3% from a month ago but down 7% from a year ago. Their data show that one in every 4,320 housing units nationally had a foreclosure filing in May. States with the highest foreclosure rates were New Jersey (one in every 1,939 housing units with a foreclosure filing); Illinois (one in every 2,362 housing units); Delaware (one in every 2,595 housing units); Connecticut (one in every 2,600 housing units); and Florida (one in every 2,638 housing units). Indeed…
“May’s foreclosure activity highlights nuanced shifts in the housing market…While we observed a slight increase in foreclosure starts, the decline in completed foreclosures indicates resilience in certain areas. Monitoring these evolving patterns remains crucial to understanding the full impact on the real estate sector.” Said Rob Barber, CEO at ATTOM.
Click here to read the full report at ATTOM.
