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Overall lending activity down 11%.
Vacant properties are inching downward in the first quarter of 2022, while foreclosure starts have surged sevenfold in January.
January 2022 U.S. Foreclosure Market Report shows foreclosure filings were up 29% from a month ago and up 139% from a year ago.
Completed foreclosures up 29% from last month to highest level since March 2020.
These gains come after the U.S. housing market concluded one of its best years in the past decade.
Profits rose in more than 90% of U.S. housing markets, marking the highest level since at least 2008.
