Metros Where Foreclosures Are Increasing
November 18, 2019
Foreclosure filings are on the rise, increasing 13% month over month in October and reaching their highest level of 2019, according to ATTOM Data Solutions’ latest U.S. Foreclosure Activity Report.
Foreclosure starts rose monthly in 36 states, marking the first double-digit month-over-month increase since February 2018, ATTOM Data Solutions reports. The metro of Minneapolis-St. Paul-Bloomington, Minn.-Wis., saw the highest increase of foreclosure starts in October, surging 189% month over month. Cincinnati, Ohio-Ky.-Ind., followed with an 111% jump, and Miami-Fort Lauderdale-West Palm Beach, Fla., rose by 109%.
Meanwhile, foreclosure starts are decreasing the most in the following markets: New Orleans-Metairie, La. (down 36% month over month in October); Pittsburgh (down 34%); and Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va. (down 33%).
Updated: December 06, 2019