The first half of the year saw a recorded total of 185,580 U.S. properties with foreclosure filings, according to new data from ATTOM. This represents a 13% year-over-year increase.
Nationwide, 0.13% of all housing units (one in every 752) had a foreclosure filing in the first half of 2023. A total of 135,065 properties started the foreclosure process in the first half of the year, up 15% from the same period in 2022. Lenders foreclosed on a total of 22,672 properties during this period, up 9% year-over-year.
The states with the greatest year-over-year increase in foreclosure activity during the first six months of 2023 were Maryland (up 100%), Oregon (up 99%), Alaska (up 95%), West Virginia (up 83%) and Arkansas (up 72%).
“Similar to the first half of 2022, foreclosure activity across the United States maintained its upward trajectory, gradually approaching pre-pandemic levels in the first half of 2023,” stated Rob Barber, CEO for ATTOM. “Although overall foreclosure activity remains below historical norms, the notable surge in foreclosure starts indicates that we may continue to see a rise in foreclosure activity in the coming years.”