According to ATTOM ‘s October 2024 U.S. Foreclosure Market Report, 30,784 properties in the U.S. had foreclosure filings, such as default notifications, scheduled auctions, or bank repossessions. This represents an 11% decrease from a year ago but a 4% increase from a month ago.

“Foreclosure activity remains challenging for U.S. homeowners, with starts and completed foreclosures up in October,” said Rob Barber, CEO of ATTOM. “As we approach 2025, the recent Fed rate cut, and the new administration could impact mortgage rates and market stability. While seasonal factors may slow things down briefly, we’ll be watching closely to see how these recent dynamics affect the market in the coming year.”

Highest Foreclosure Rates Found in Western, Southern States

In October, there was a foreclosure filing for one out of every 4,578 housing units nationwide.

California Metros Lead in Highest Foreclosure Rates

California, Texas, & Florida See the Largest Share of Foreclosure Starts

In October, lenders began foreclosure proceedings on 20,950 properties in the U.S., a decrease of 10% from a year ago but an increase of 6% from the previous month.

Foreclosure Completions Tick Up from October

Last month, some 2,938 U.S. residences were repossessed by lenders through completed foreclosures (REOs), a decrease of 12% from the previous year but an increase of 12% from the previous month.

To read the full report, including more data, charts, and methodology, click here .