![]() ![]() properties started the foreclosure process in the first six months of 2022, up 219 percent from the first half of last year and up 19 percent from the first half of 2020. Other metro areas with foreclosure rates ranking among the top 10 highest in the first half of 2022 were Rockford, Illinois (0.30 percent of housing units with a foreclosure filing) Lakeland, Florida (0.27 percent) Akron, Ohio (0.24 percent) Fayetteville, North Carolina (0.24 percent) and Trenton, New Jersey (0.23 percent).įoreclosure starts up 219 percent from last yearĪ total of 117,383 U.S. Highest metro foreclosure rates in Cleveland, Atlantic City, and JacksonvilleĪmong 223 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in the first half of 2022 were Cleveland, Ohio (0.40 percent of housing units with foreclosure filings) Atlantic City, New Jersey (0.33 percent) Jacksonville, North Carolina (0.31 percent) Chicago, Illinois (0.30 percent) and Columbia, South Carolina (0.30 percent). Powering Real Estate Businesses with Property Data and Analytics Solutions For Every Industry Other states with first-half foreclosure rates among the 10 highest nationwide, were Florida (0.18 percent) Nevada (0.18 percent) Indiana (0.16 percent) Georgia (0.13 percent) and Michigan (0.13 percent). States with the highest foreclosure rates in the first half of 2022 were Illinois (0.26 percent of housing units with a foreclosure filing) New Jersey (0.24 percent) Ohio (0.21 percent) Delaware (0.20 percent) and South Carolina (0.19 percent). Nationwide 0.12 percent of all housing units (one in every 854) had a foreclosure filing in the first half of 2022. Illinois, New Jersey, and Ohio post highest state foreclosure rates Those metros included Lake Havasu, Arizona (down 47 percent) Eugene, Oregon (down 27 percent) Springfield, Illinois (down 19 percent) Shreveport, Louisiana (down 9 percent) and Brownsville, Texas (down 8 percent). “While overall foreclosure activity is still running significantly below historic averages, the dramatic increase in foreclosure starts suggests that we may be back to normal levels by sometime in early 2023.”īucking the national trend with decreasing foreclosure activity compared to a year ago in the nation’s most populated metros during the first half of 2022, were only 7 of the 223 metro areas analyzed. “Foreclosure activity across the United States continued its slow, steady climb back to pre-pandemic levels in the first half of 2022,” said Rick Sharga, executive vice president of market intelligence at ATTOM. That figure is up 153 percent from the same time period a year ago but down just one percent from the same time period two years ago. properties with foreclosure filings - default notices, scheduled auctions or bank repossessions - in the first six months of 2022. Foreclosure Market Report, which shows there were a total of 164,581 U.S. – JATTOM, a leading curator of real estate data nationwide for land and property data, today released its Midyear 2022 U.S. Foreclosure Starts up 219 Percent in First Six Months of 2022 96 Percent of Major Metro Areas Saw an Annual Increase in Foreclosure Filings Foreclosure Rates Highest in Illinois, New Jersey, and Ohio
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