Home foreclosure filings have been ticking up steadily this year, with the first half of 2023 reporting a 13% jump from the same period in 2022. held a default notice or were liable for a scheduled auction or bank repossession in the first six months of the year.
This is the highest January-to-June foreclosure activity since 2019, outpacing the 165,530 filings that occurred in the first half of 2020, when COVID-19 was declared a pandemic. Foreclosures fell notably in the COVID-19 era, only resuming their uptrend in 2021. "Although overall foreclosure activity remains below historical norms, the notable surge in foreclosure starts indicates that we may continue to see a rise in foreclosure activity in the coming years," ATTOM CEO Rob Barber said in the recent report.
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