Home foreclosures are soaring nationwide – and rising fastest in these 5 states
US home foreclosures see nationwide upswing
Home foreclosures rose again in February as Americans continue to grapple with the ongoing cost-of-living crisis.
That is according to a new report published by real estate data provider ATTOM, which found that there were 32,938 properties in February with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That marks an 8% increase from the prior year, although it is down 1% from the previous month.
"The annual uptick in U.S. foreclosure activity hints at shifting dynamics within the housing market," said ATTOM CEO Rob Barber. "These trends could signify evolving financial landscapes for homeowners, prompting adjustments in market strategies and lending practices."
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US home foreclosures see nationwide upswing
Home foreclosures rose again in February as Americans continue to grapple with the ongoing cost-of-living crisis.
That is according to a new report published by real estate data provider ATTOM, which found that there were 32,938 properties in February with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That marks an 8% increase from the prior year, although it is down 1% from the previous month.
"The annual uptick in U.S. foreclosure activity hints at shifting dynamics within the housing market," said ATTOM CEO Rob Barber. "These trends could signify evolving financial landscapes for homeowners, prompting adjustments in market strategies and lending practices."
Home foreclosures are soaring nationwide – and rising fastest in these 5 states
Home foreclosures are on the upswing nationwide, according to a new report, a sign that homeowners are still struggling from the ongoing inflation crisis.
