Foreclosure activity in February jumped +40% m/m and +176% y/y.
Foreclosure Activity Moved Towards Normalcy in February
As we’ve discussed previously, foreclosure activity is beginning to normalize, according to RealtyTrack’s executive vice president, Rick Sharga. ATTOM’s February 2022 US Foreclosure Market Report substantiates Sharga’s claim.
ATTOM’s February 2022 US Foreclosure Market Report indicated that foreclosure activity increased +40% from January 2022 and +176% from February 2021.
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States with Greatest Numbers of Foreclosure Starts in February 2022
- California – 1,868 foreclosure starts
- Florida – 1,527 foreclosure starts
- Texas – 1,488 foreclosure starts
- Illinois – 1,168 foreclosure starts
- Ohio – 1,144 foreclosure starts
- Georgia – 724 foreclosure starts
- Michigan – 645 foreclosure starts
- New York – 628 foreclosure starts
- Indiana – 606 foreclosure starts
- New Jersey – 577 foreclosure starts
10 Metros with Greatest Numbers of Foreclosure Starts
- Chicago IL – 1,075
- New York NY – 793
- Los Angeles CA – 530
- Houston TX – 471
- Atlanta GA – 415
- Miami FL – 400
- Detroit MI – 394
- Philadelphia PA – 375
- Riverside CA – 367
- Dallas TX – 360
Top 10 Counties with Most Foreclosure Starts in February 2022
- Cook County IL – 653
- Los Angeles County CA – 408
- Harris County TX – 317
- Maricopa County AZ – 268
- Clark County NV – 224
- Suffolk County NY –
- Wayne County MI – 208
- Riverside County CA – 199
- Cuyahoga County OH – 190
- San Bernardino County CA – 168
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Thanks to ATTOM.
