Overview
- ATTOM reports 35,651 foreclosure filings in November, up 21% year over year but down 3% from October, equal to one filing for every 3,992 housing units.
- Completed foreclosures reached 3,884, essentially flat month over month yet 26% higher than a year earlier, while starts fell 6% from October but rose 17% annually to 23,720.
- Foreclosure rates were highest in Delaware, South Carolina, Nevada, New Jersey and Florida, with elevated activity in Philadelphia, Las Vegas, Cleveland, Orlando and Tampa.
- ATTOM’s CEO says any boost to for‑sale inventory will be localized because judicial versus non‑judicial processes determine how quickly distressed properties hit the market.
- Experts note heightened stress among FHA borrowers, even as strong homeowner equity and tighter post‑2008 lending practices curb the risk of a broad housing crisis.