Foreclosure rates are on the rise. According to a new report from ATTOM, there were approximately 33,000 properties in foreclosure as of February, an 8% increase from a year ago.
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“The year-over-year increase in U.S. foreclosure activity signals a shift in the dynamics of the housing market,” Rob Barber, CEO of ATTOM, said on the site. “These trends mean an evolving financial landscape for homeowners and may prompt adjustments to market strategies and lending practices.”
According to the report, foreclosure rates increased year over year in 22 states. Here's a look at the states with the highest foreclosure rates.
1. South Carolina
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2. Delaware
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3. Florida
4. Ohio
5. Connecticut
Data is obtained from ATTOM and is accurate as of February 2024.
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This article originally appeared on GOBankingRates.com: 2024 Housing Market: 5 States with the Highest Foreclosure Rates
