Foreclosure Activity Up in October

According to ATTOM’s October 2024 U.S. Foreclosure Market Report, there were a total of 30,784 U.S. properties with foreclosure filings.  This figure 4% higher than September and a 11% lower than one year ago.  Across the country, one out of every 4,578 housing units had a foreclosure filing in October  The states with the highest foreclosure rates were Nevada (one in every 2,741 housing units); New Jersey (one in every 3,059 housing units); Florida (one in every 3,086 housing units); California (one in every 3,152 housing units); and South Carolina (one in every 3,272 housing units).

“Foreclosure activity remains challenging for U.S. homeowners, with starts and completed foreclosures up in October…As we approach 2025, the recent Fed rate cut, and the new administration could impact mortgage rates and market stability. While seasonal factors may slow things down briefly, we’ll be watching closely to see how these recent dynamics affect the market in the coming year.”  Said Rob Barber, CEO of ATTOM.

Click here to read the full report at ATTOM.

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