Top 10 U.S. Counties with Greatest Numbers of Foreclosure Starts in April 2024
Industry Update
May 17, 2024
Source: ATTOM
According to ATTOM’s just released April 2024 U.S. Foreclosure Market Report, there were a total of 31,649 U.S. properties with foreclosure filings. This figure reflects a 4 percent decrease compared to the previous month and a 4 percent decrease compared to the same period last year.
ATTOM’s latest foreclosure market analysis reports that in April 2024, Maryland, Illinois, and Nevada exhibited the highest foreclosure rates. Across the nation, one out of every 4,453 housing units had a foreclosure filing during this period. States with the highest foreclosure rates were Maryland (one in every 2,214 housing units with a foreclosure filing); Illinois (one in every 2,517 housing units); Nevada (one in every 2,546 housing units); South Carolina (one in every 2,573 housing units); and Florida (one in every 2,854 housing units).
The report notes that of the 224 metropolitan statistical areas with a population of at least 200,000, Elkhart, IN, had the highest foreclosure rate in April 2024 (one in every 1,565 housing units with a foreclosure filing). Followed by Columbia, SC (one in every 1,689 housing units); Cleveland, OH (one in every 1,859 housing units); Lakeland, FL (one in every 1,861 housing units); and Flint, MI (one in every 1,998 housing units).
The analysis also reports that foreclosure starts saw a 7 percent decrease from the previous month, with lenders commencing the foreclosure process on 21,753 U.S. properties in April 2024. This figure reflects a 3 percent decline compared to the same period last year.
ATTOM’s April 2024 foreclosure report also noted that among states with a minimum of 100 foreclosure starts in April 2024, the most significant monthly declines were observed in New Jersey (down 51 percent); Indiana (down 32 percent); Colorado (down 31 percent); Massachusetts (down 21 percent); and Connecticut (down 20 percent).
The report states that among those major metro areas with a population greater than 1 million, those with the greatest numbers of foreclosure starts in April 2024 were Chicago, IL (1,211 foreclosure starts); New York, NY (1,141 foreclosure starts); Houston, TX (1,068 foreclosure starts); Miami, FL (751 foreclosure starts); and Los Angeles, CA (652 foreclosure starts).
In this post, we dig a bit deeper to uncover the top 10 U.S. counties with the greatest numbers of foreclosure starts in April 2024. Those counties include: Cook County, IL (787 foreclosure starts); Los Angeles County, CA (532 foreclosure starts); Harris County, TX (488 foreclosure starts); Liberty County, TX (351 foreclosure starts); Miami-Dade County, FL (321 foreclosure starts); Clark County, NV (283 foreclosure starts); Maricopa County, AZ (281 foreclosure starts); Broward County, KY (275 foreclosure starts); Cuyahoga County, OH (229 foreclosure starts); and Riverside County, CA (216 foreclosure starts).
For full report, please click the source link above.