Foreclosure Starts Increase 6 Percent from Last Month; Completed Foreclosures Increase 12 Percent from Last Month
, /PRNewswire/ — ATTOM, a leading curator of land, property data, and real estate analytics, today released its October 2024 U.S. Foreclosure Market Report, which shows there were a total of 30,784 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 4 percent from a month ago but down 11 percent from a year ago.
“Foreclosure activity remains challenging for U.S. homeowners, with starts and completed foreclosures up in October,” said Rob Barber, CEO of ATTOM. “As we approach 2024, 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.”
Nevada, New Jersey, and Florida post highest foreclosure rates
Nationwide, one in every 4,578 housing units had a foreclosure filing …