Rising Foreclosure Listings Across the US: A Look at July 2024 Data

This article focuses on the foreclosure trends revealed by ATTOM’s July 2024 U.S. Foreclosure Market Report. The report indicates a slight shift in the housing market, with foreclosure activity showing an increase.  Despite soaring home prices nationwide, foreclosure starts saw an 18% jump from the previous month, reaching 21,870 properties.

Several states and metropolitan areas are experiencing elevated foreclosure rates. Notably, Delaware, Nevada, and Utah exhibit the highest rates nationally.  Among large metropolitan areas, Las Vegas, Philadelphia, and Jacksonville stand out.  California, Florida, and Texas lead the nation in the sheer volume of foreclosure starts, with major cities like New York, Chicago, and Philadelphia also experiencing high numbers.

Foreclosure Listings by City:

• Provo-Orem, UT: 1 in every 940 housing units
• Macon, GA: 1 in every 1,167 housing units
• Columbia, SC: 1 in every 1,587 housing units
• Spartanburg, SC: 1 in every 1,895 housing units
• Atlantic City-Hammonton, NJ: 1 in every 1,910 housing units
• Las Vegas, NV: 1 in every 2,089 housing units
• Philadelphia, PA: 1 in every 2,197 housing units
• Jacksonville, FL: 1 in every 2,274 housing units
• Chicago, IL: 1 in every 2,279 housing units
• Riverside, CA: 1 in every 2,556 housing units