Foreclosure Activity Across the US Rises Toward Pre-Pandemic Levels

A recent report from ATTOM Data Solutions shows an increase of 15% in the number of U.S. foreclosure starts during the first six months of 2023, and June and Q2 2023 foreclosure activity also posted annual increases. In June, 24,019 U.S. properties started the foreclosure process, up 3% from May, and up 8% from June the previous year.

ATTOM's Midyear 2023 U.S. Foreclosure Market Report shows there were a total of 185,580 U.S. properties with foreclosure filings, which includes default notices, scheduled auctions, or bank repossessions, during the first six months of this year. That's 13% higher than the same period a year ago, and 185% higher than the same period two years ago.

States that saw the greatest increase in foreclosure activity compared to a year ago in the first half of 2023 included Maryland (up 100 percent); Oregon (up 99 percent); Alaska (up 95 percent); West Virginia (up 83 percent); and Arkansas (up 72 percent).

Nationwide, 0.13 percent of all housing units (one in every 752) had a foreclosure filing in the first half of 2023.

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