According to ATTOM’s April 2023 U.S. Foreclosure Market Report, a total of 32,977 U.S. properties had foreclosure filings – down 10% from a month ago but up 8% from a year ago.
Nationwide, one in every 4,234 housing units had a foreclosure filing in April. States with the highest foreclosure rates were Illinois (one in every 2,221); Maryland (one in every 2,283); New Jersey (one in every 2,334); South Carolina (one in every 2,495); and Delaware (one in every 2,603).
“Foreclosure activity continues to stabilize and even correct itself in 2023, with April showing a 10 percent decrease in overall activity after a 20 percent increase last month,” says Rob Barber, CEO at ATTOM. “While a continued decline in the number of foreclosures is not indicated, April typically exhibits a trend of decreased activity, which makes monitoring foreclosure rates and identifying potential market shifts important.”
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