In April 2025, U.S. foreclosure filings rose slightly to 36,033, marking a 0.4% increase from March and a 13.9% increase from the previous year. ATTOM's report indicates that while overall volumes remain below historical norms, the upward trend may reflect growing economic pressure on homeowners. The highest foreclosure rates were found in Florida, South Carolina, and Illinois, with Florida's escalating financial burdens like HOA dues and taxes contributing significantly. ATTOM highlights the influence of local housing dynamics and affordability gaps on these rates, particularly in states facing potential downturns.
April's foreclosure activity continued its gradual climb, with both starts and completions up annually. While volumes remain below historical norms, the year-over-year increases may suggest that some homeowners are beginning to feel the effects of persistent economic pressures.
High foreclosure rates are typically influenced by a range of factors, including economic pressure, local housing market dynamics, and state-specific foreclosure procedures, says ATTOM economists.
Of the three states, only Florida, with a median home list price of $440,000, is above the essentially static national median at $431,250.
Illinois appeared on ATTOM's recent list of housing markets facing greater risk of downturns - derived from gaps in affordability, underwater mortgages, foreclosures, and unemployment.
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