Despite Recents Declines, Housing Foreclosures Remain Active

According to a recent report from property data provider ATTOM, foreclosure and related activity across the U.S. declined month-over-month in June by 8.1%, with one in every 4,361 housing units affected, but was still up by 17.4% on a year-over-year basis. 

States with the worst foreclosure rates included South Carolina, where one in every 2,426 housing units had a foreclosure filing; Nevada, where one in every 2,615 housing units faced foreclosure; and Florida, which reported a foreclosure rate of one in every 2,716 housing units.

A total of 21,782 properties began the foreclosure process during the month—down 10% from May but up 17% year-over-year. Meanwhile, lenders completed foreclosures on 3,892 properties, a slight 1% monthly increase and a 35% jump from June 2024.