Real Estate Developers See Continued High Foreclosure Rates in U.S. for Sixth Straight Month in a Row
Despite a slight decrease in foreclosure filings from the previous month, the U.S. foreclosure market report for August shows a significant 18% increase from the previous year.
According to ATTOM's U.S. foreclosure market report for August, there were 35,697 properties with foreclosure filings, including default notices, scheduled auctions, and bank repossessions. This marks the sixth consecutive month of year-over-year increases in foreclosure rates.
The report also revealed a 1% decrease in foreclosure filings from the previous month, but this was not enough to offset the overall upward trend. Daren Blomquist, senior vice president at ATTOM, stated, "While the nation continues to recover from the pandemic-induced economic downturn, we are seeing a continued lag in the foreclosure process due to various foreclosure moratoria and government stimulus efforts. This has resulted in a backlog of foreclosures that will likely continue to impact the market in the coming months."
The states with the highest foreclosure rates in August were Delaware, Illinois, and Florida, while California, Texas, and Florida had the highest number of properties with foreclosure filings.
Blomquist also noted that the upcoming expiration of federal foreclosure moratoriums could lead to an increase in foreclosures in the coming months. "It will be important to watch how the housing market and overall economy responds as we gradually move past these government safety nets and into a post-COVID environment," he said.
Originally reported by RISMedia.
https://www.rismedia.com/2025/09/12/report-us-foreclosure-remain-high-for-sixth-month-in-a-row/