Overview
- ATTOM reported 36,766 U.S. foreclosure filings in October, up 3% from September and 19% year over year, marking an eighth straight annual increase.
- Florida posted the highest state foreclosure rate at one filing for every 1,829 housing units, while Tampa had the highest rate among large metros at one in 1,373.
- ATTOM said Tampa’s spike reflects the resumption of data collection in Hillsborough County that added backlogged cases and should normalize in November.
- Lenders initiated 25,129 foreclosure starts in October, up 6% month over month and nearly 20% from a year earlier, led by Florida (4,136), Texas (3,080) and California (2,685).
- ATTOM’s CEO said filings remain well below historic peaks and appear to reflect a gradual normalization as homeowners contend with elevated housing and borrowing costs.