In 2024, lenders issued 322,103 foreclosure filings nationwide, including default notices, scheduled auctions, and bank repossessions. According to ATTOM’s latest update, this represents a: - **10% decrease** in foreclosures compared to 2023.
- **1% drop** from 2022.
- **35% decline** compared to 2019, prior to the market disruptions caused by the pandemic. Notably, foreclosure filings in 2024 were also **89% lower** than their peak of nearly 2.9 million in 2010. #### States With the Highest Foreclosure Starts in 2024 1. **California**: 29,529
2. **Florida**: 29,239
3. **Texas**: 28,946
4. **New York**: 14,436
5. **Illinois**: 13,082 #### Metropolitan Areas (MSAs) With the Highest Foreclosure Starts in 2024 1. **New York, NY**: 15,327
2. **Chicago, IL**: 11,508
3. **Houston, TX**: 10,197
4. **Los Angeles, CA**: 8,790
5. **Miami, FL**: 8,603 ### Our Take This report offers valuable insights into foreclosure trends and the broader real estate market. For instance, its section on REOs (bank repossessions) provides additional data that investors will find particularly useful. Sharing reports like this with clients, especially investors, can position you as a reliable source of actionable and profitable information. Real estate is fundamentally a relationship-driven business, and your reputation is built on the quality of information you provide. In a world filled with social media noise and unreliable sources, consistently delivering dependable insights will set you apart from the competition. Trust us—it works. * * * Contact Westside Los Angeles Luxury Real Estate Broker Abdo Pierre Faissal at Nourmand & Associates for more information: 📞 310-620-1038 📧
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