The number of foreclosure filings in the United States rose by 5 percent in February over the prior month as mortgage rates remained elevated, according to property data company ATTOM.
Properties with foreclosure filings hit 32,383 units, the company said in a March 11 statement.
The jump continues the monthly increase reported in January and could suggest that 2025 may see a reversal in the decline of foreclosure activity which was the general trend last year.
“February’s rise in foreclosure filings suggests evolving market pressures,” said Rob Barber, CEO at ATTOM.
“While some increase may reflect seasonal trends, the uptick in foreclosure starts both month-over-month and year-over-year signals potential shifts. We’ll continue monitoring how economic factors influence foreclosure activity moving forward.”…