A total of 30,277 US properties were in foreclosure proceedings during August, down 5.3 percent from a month ago and a dip of 11% from August 2023, according to ATTOM's latest foreclosure market report. That equates to one in every 4,662 housing units with a foreclosure filing nationwide.
This figure includes homes with default notices, scheduled auctions, or bank repossessions.
"Foreclosure activity has remained relatively steady in recent months, with both foreclosure starts and completed foreclosures declining in August," said Rob Barber, CEO at ATTOM. "While overall activity is significantly lower than the peaks seen during the 2008 financial crisis, when filings exceeded 300,000 per month, the current economic environment, coupled with rising interest rates and affordability challenges, suggests a continued focus on potential housing market instability."
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