Foreclosure rates are at their lowest levels in some 20 years, according to ATTOM Data Solutions. Eight consecutive years have shown a decrease in foreclosure activity (foreclosure filings, default notices, scheduled auctions, bank repossessions) and during February 2019, there was an -11% decrease from just one year ago.

ATTOM indicated in its latest foreclosure report a total of 29,735 properties that had started the foreclosure process in February 2019. These totals represent a +1% increase from January 2019 but a decrease of -9% from one year ago.

Counter to national foreclosure trends, thirteen states posted increases in y/y foreclosure starts. Among those states are…

  • Florida – +68%
  • Oregon – +46%
  • Louisiana – +34%
  • Illinois – +9%
  • Texas – +95
  • Colorado – +3%

Metros with populations of 1M+ that saw annual increases in foreclosure stats included…

  • Los Angeles – +7%
  • Chicago – +15%
  • Houston – +73%***
  • Washington DC – +11%
  • Miami – +74%***

The ten top states experiencing increasing foreclosure rates include…

  • New Jersey – I in every 1,006 housing units
  • Delaware – 1 in every 1,008 housing units
  • Maryland – 1 in every 1,193 housing units
  • Florida – 1 in every 1365 housing units
  • Illinois – 1 in every 1,465 housing units
  • South Carolina – 1 in every 1,615 housing units
  • Connecticut – 1 in every 1,801 housing units
  • Ohio – 1 in every 1,918 housing units
  • Nevada – 1 in every 2,041 housing units
  • Pennsylvania – 1 in every 2,205 housing units