ATTOM Data Solutions’ recent foreclosure study shows foreclosures are at an 11-year low in ATTOM’s February 2017 Foreclosure Activity, the lowest since 2005. Additionally, foreclosure activity has decreased on a year-over-year basis for the 17th consecutive month.
Though foreclosures are dropping nationally, 10 states and the District of Columbia experienced increases in foreclosure activity. D.C. has seen foreclosure activity increase on a year-over-year basis for 12 consecutive months, ending in February 2017. Other states with year-over-year-increases include New Jersey which rose 16 percent, Delaware (up 14 percent), Louisiana (up 12 percent), Alabama (up 10 percent), and Hawaii (up 8 percent).
Three of the nation’s 20 largest metro areas also posted year-over-year increases in foreclosure activity. Houston rose 97 percent over an abnormally low February 2016, while San Francisco and New York saw year-over-year increases in foreclosure activity of 25 percent and 9 percent, respectively.