Foreclosure filings down -61% y/y in first six months of 2021. Foreclosure activity down -78% in Q2 2019.
Q2 2021 Foreclosure Activity -88% Below Pre-Recession Average
ATTOM Data Solution’s Midyear 2021 US Foreclosure Market Report indicates that foreclosure filings during Q1 and Q2 of 2021 were down -61% from Q1 and Q2 of 2020. Additionally, this midyear foreclosure report indicates that foreclosure activity in Q1 and Q2 of 2021 was down -78% from the first six months of 2019.
Nationwide, only 0.05% of all housing units (1 in every 2,112) had a foreclosure filing during the first half of 2021.
Five of More Populated Metros Saw Increase in Foreclosure Filings
Just five of more populated metros analyzed by ATTOM for its Midyear 2021 US Foreclosure Market Report saw an increase in foreclosure filings during the first six months of 2021. Those metros included:
- Tyler TX – +88%
- Brownsville TX – +21%
- Springfield IL – +19%
- Sioux Falls SD – +9%
- Lake Charles LA – +5%
States with Highest Foreclosure Rates During First Six Months of 2021
States with the highest foreclosure rate (most all of these rates were below 1%) during the first half of 2021 included:
- Delaware
- Illinois
- Florida
- Ohio
- Indiana
- New Jersey
- Nevada
- South Carolina
- Louisiana
- New Mexico
Second Quarter Foreclosure Activity Below Pre-Recession Averages in 92% of Metros
ATTOM’s latest foreclosure report indicates that the only metros with second quarter foreclosure activity above pre-recession averages included, Portland, McAllen, Huntsville, Salisbury and Bulfport.
Top 10 Metros with Highest Foreclosure Rates During Q2 2021
The top ten metros with a population of 200,000 or more with the highest foreclosure rates in Q2 2021 included:
- Macon GA – 0.10%
- Cleveland-Elyria OH – 0.08%
- Peoria IL – 0.08%
- Las Vegas-Henderson-Paradise NV – 0.07%
- Pensacola-Ferry Pass-Brent FL – 0.07%
- Florence SC – 0.06%
- Mobile AL – 0.06%
- Bakersfield CA – 0.06%
- Champaign-Urbana IL – 0.06%
- Ocala FL – 0.06%
Thanks to ATTOM Data Solutions.
