Leave a Message

By providing Jackie Schoelerman your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Thank you for your message. We will be in touch with you shortly.

Foreclosure Filings Record 3% Monthly uptick In May

WRE News June 13, 2024

Buyer

Foreclosure Filings Record 3% Monthly uptick In May

A total of 32,621 residential properties with foreclosure filings were recorded in May, according to data from ATTOM. This is up by 3% from April but down 7% from May 2023.

One in every 4,320 housing units across the country had a foreclosure filing last month. The states with the highest foreclosure rates were New Jersey (one in every 1,939 housing units with a foreclosure filing), Illinois (one in every 2,362 housing units), Delaware (one in every 2,595 housing units), Connecticut (one in every 2,600 housing units) and Florida (one in every 2,638 housing units).

Lenders started the foreclosure process on 22,385 properties in May, up 3% from the previous month and down 4% from one year ago. Lenders repossessed 2,879 properties through completed foreclosures in May, down 1% from April and down 28% from May 2023.

“May’s foreclosure activity highlights nuanced shifts in the housing market,” said Rob Barber, CEO at ATTOM. “While we observed a slight increase in foreclosure starts, the decline in completed foreclosures indicates resilience in certain areas. Monitoring these evolving patterns remains crucial to understanding the full impact on the real estate sector.”

Recent Blog Posts

Stay up to date on the latest real estate trends.

What Everyone’s Getting Wrong About the Rise in New Home Inventory

August 29, 2025

You may have seen talk online that new home inventory is at its highest level since the crash.

"Design Experimentation" Was the Goal in This Eclectic Minneapolis Home

August 29, 2025

It’s not unusual for designers to use their own homes as a mad laboratory, fiddling with new materials, half-baked ideas, and “could this work?

Here’s how much you need to walk to see fitness gains, according to experts

August 28, 2025

It just happens that one of the most accessible and budget-friendly forms of exercise is also the most beneficial for your health: walking.

History Shows the Housing Market Always Recovers

August 28, 2025

Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market.

New Home Sales Down 0.6% in July

August 26, 2025

Sales of new single-family houses in July were at a seasonally adjusted annual rate of 652,000, according to estimates released jointly today by the US Census Bureau a… Read more

Should You Still Expect a Bidding War?

August 26, 2025

If you’re still worried about having to deal with a bidding war when you buy a home, you may be able to let some of that fear go.

View All

We are Your GPS to Success Let’s Get Started

We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today

Schedule Appointment