A total of 296,458 U.S. properties had foreclosure filings (default notices, scheduled auctions, or bank repossessions) in the first six months of 2019, according to ATTOM Data Solutions’s Midyear 2019 U.S. Foreclosure Market report. Foreclosure activity is down 18% from the first six months of 2018, and down 82% from 2010, when 1,654,634 U.S. properties had foreclosure filings in the first six months of the year.
Out of the 220 MSAs analyzed in the report, 16% (or 36) showed a year over year increase in foreclosure activity during this period. Buffalo, N.Y. had the strongest increase at 33%, followed by Orlando, Fla. at 32% and Jacksonville, Fla. at 18%.
“Our midyear 2019 foreclosure activity helps to show an overall view on how foreclosure activity is trending downward,” said Todd Teta, chief product officer at ATTOM Data Solutions. “Of course, you still have pockets across the nation where foreclosure activity is seeing some flare-ups. Foreclosure starts is a good indication of markets to watch. For instance, in looking at the largest markets across the nation with the greatest annual increase in foreclosure starts, 4 out of the 5 markets were in Florida.”
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