In April 2024, lenders initiated the foreclosure process on 21,753 U.S. properties, marking a 7% decrease from last month and a 3% decrease from last year. Among the states with at least 100 foreclosure starts, the ones with the greatest monthly declines were New Jersey (down 51%), Indiana (down 32%), Colorado (down 31%), Massachusetts (down 21%), and Connecticut (down 20%).
Contrary to the national trend, some states saw significant increases in foreclosure starts: Maryland (up 85%), Oregon (up 80%), Oklahoma (up 65%), Mississippi (up 38%), and Michigan (up 25%).
Major metropolitan areas with a population of over 1 million and the highest number of foreclosure starts included Chicago, IL (1,211), New York, NY (1,141), Houston, TX (1,068), Miami, FL (751), and Los Angeles, CA (652).
For more detailed insights into the foreclosure trends and what this means for the housing market, watch the full video.
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22 май 2024