According to ATTOM Data’s May 2024 U.S. Foreclosure Market Report, there were 32,621 U.S. properties with foreclosure filings in May. This is a 3% increase from the previous month but a 7% decrease from the previous year. The data shows that one in every 4,320 housing units nationally had a foreclosure filing in May. The states with the highest foreclosure rates were New Jersey, Illinois, Delaware, Connecticut, and Florida. CEO Rob Barber stated that while there was a slight increase in foreclosure starts, the decline in completed foreclosures shows resilience in certain areas of the housing market. For more information, you can read the full report at ATTOM’s website.
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