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ATTOM’s mid-year foreclosure market report shows that foreclosure filings from the first six months of the year were down 61% from the same time last year and down 78% from the same time two years ago.
KEY TAKEAWAYS
- Foreclosure filings from the first six months of the year were down 61% from the same time last year and down 78% from the same time two years ago.
- Only five of the greater populated metros saw an increase in total foreclosure filings.
- The states with the highest foreclosure filings were New Jersey (0.07%); Nevada (0.07%); South Carolina (0.07%); Louisiana (0.06%); and New Mexico (0.06%).
ATTOM’s mid-year foreclosure market report shows that foreclosure filings from the first six months of the year were down 61% from the same time last year and down 78% from the same time two years ago.
According to the foreclosure activity analysis, with just 65,082 U.S. properties with foreclosure filings in the first six months of 2021, only five of the greater populated metros saw an increase in total filings. Those metros were Tyler, Texas (+ 88%); Brownsville, Texas (+ 21%) Springfield, Illinois (+ 19%); Sioux Falls, South Dakota (+ 9%); and Lake Charles, Louisiana (+ 5%).
Additionally, one in every 2,112 homes or 0.05% of housing units had foreclosure filings in the first six months of 2021. The report listed states with the highest percentage of foreclosure filings in the first six months, including Delaware (0.10% of housing units with a foreclosure filing); Illinois (0.09%); Florida (0.08%); Ohio (0.08%); and Indiana (0.08%).
Among the top ten states with the highest foreclosure filings were New Jersey (0.07%); Nevada (0.07%); South Carolina (0.07%); Louisiana (0.06%); and New Mexico (0.06%).
The top ten metros with that saw the highest foreclosure rates during the second quarter of 2021 were Macon, GA (0.10% of housing units with a foreclosure filing); Cleveland-Elyria, OH (0.08%); Peoria, IL (0.08%); Las Vegas-Henderson-Paradise, NV (0.07%); Pensacola-Ferry Pass-Brent, FL (0.07%); Florence, SC (0.06%); Mobile, AL (0.06%); Bakersfield, CA (0.06%); Champaign-Urbana, IL (0.06%); and Ocala, FL (0.06%).
For a deeper look into ATTOM’s foreclosure filing data, please visit ATTOM Insights on their website.
