ATTOM reported a total of 95,349 U.S. properties with a foreclosure filings during the first quarter of 2024
Tagged: Foreclosure Activity
The U.S. housing market posted an overall mortgage delinquency rate of 2.8% in January.
A total of 6,000 foreclosure sales were completed in February, a 9% decrease from January and the second-lowest level in the previous 12 months.
Annual uptick reflects shifting dynamics in housing market: while some states witness decreases, others experience notable increases; South Carolina, Delaware, and Florida top foreclosure rates nationwide.
ATTOM report says filings are gradually approaching pre-pandemic levels.
Filings rose 7% from April and 14% from a year earlier.
The 10% drop followed a 20% month-over-month increase in March.
Foreclosure starts increase 29% YOY; bank repossessions at highest level in 3 years.
Overall activity fell 3% from January 2023; completions up 45% YOY
Completed foreclosures see first year-over-year decrease.