These states have the highest foreclosure rates in the US
The Bahnsen Group founder and CIO David Bahnsen surveys the real estate market as younger homebuyers struggle with the ongoing housing crisis.
Home foreclosure activity in the U.S. was lower for the first six months of 2024 than it was during the same period in 2023, but some states have still seen huge increases so far this year, according to new data.
Real estate data firm ATTOM's mid-year foreclosure report released Thursday shows there were foreclosure filings – default notices, scheduled auctions or bank repossessions – on 177,431 properties nationwide in the first half of 2024, which is a 4.4% decrease from the same time frame last year, but an increase of 7.8% from the same period two years ago.
Foreclosure rates in the U.S. fell for the first half of 2024 compared to the first six months of 2023, but some states have seen a surge so far this year. (Getty Images / Getty Images)
The share of homes in the U.S. that entered the foreclosure process fell over the past six months, too, decreasing by 3%.
«These shifts could suggest a potential stabilization in the housing market,» said ATTOM CEO Rob Barber. "[H]owever, monitoring these evolving patterns remains crucial to understanding the full impact on the real estate sector."
HOUSING AFFORDABILITY IS AT THE LOWEST LEVEL SINCE 2007
The report pointed to several states that have seen huge spikes in foreclosures, despite lower activity in the country at large.
Foreclosure activity and starts both declined in the first half of 2024 compared to last year. (Getty Images / Getty Images)
South Dakota saw the greatest surge, with foreclosure activity up 93% in the first half of 2024 compared to a year ago, followed by North Dakota, which had an 86% jump.
The state with the
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