Commercial Foreclosures Spike in September with Significant Year-Over-Year Increase

According ATTOM Data, commercial foreclosures increased 15% from September and 48% from one year ago. The report says commercial foreclosures remain elevated and are still considerably higher than pre-pandemic figures. Starting in June 2023, foreclosure numbers saw a sharp increase, peaking at 752 in May 2024, before settling at 695 in September.  They say this recent surge suggests renewed financial stress or changes in commercial real estate dynamics.  The states with the most commercial foreclosures in September Included California, New York, and Florida.

Click here to read the full report at ATTOM.

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