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Foreclosures across the United States went up slightly in May, but are still improved from a year ago.
ATTOM, a leading curator of land, property, and real estate data, has released its May 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,621 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 3% from a month ago but down 7% from a year ago.
"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."
Nationwide one in every 4,320 housing units had a foreclosure filing in May 2024. 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).
Among the 224 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in May 2024 were Longview, Texas (one in every 1,162 housing units with a foreclosure filing); Trenton, New Jersey (one in every 1,471 housing units); Atlantic City, New Jersey (one in every 1,569 housing units); Lakeland, Florida (one in every 1,584 housing units); and Bakersfield, California (one in every 1,685 housing units).
Those metropolitan areas with a population greater than one million with the worst foreclosure rates in May 20244 were: Chicago (one in every 2,015 housing units); Philadelphia (one in every 2,143 housing units); Riverside, California (one in every 2,216 housing units); Jacksonville, Florida (one in every 2,267 housing units); and Las Vegas (one in every 2,361 housing units).
Greatest numbers of foreclosure starts in Florida, Texas and California
Lenders started the foreclosure process on 22,385 U.S. properties in May 2024, up 3% from last month but down 4% from a year ago.
States that had the greatest number of foreclosure starts in May 2024 included: Florida (2,750 foreclosure starts); Texas (2,560 foreclosure starts); California (2,370 foreclosure starts); Illinois (1,427 foreclosure starts); and New Jersey (1,219 foreclosure starts).
Those major metropolitan areas with a population greater than one million that had the greatest number of foreclosure starts in May 2024 included: New York (1,447 foreclosure starts); Chicago (1,272 foreclosure starts); Houston (915 foreclosure starts); Miami (750 foreclosure starts); and Philadelphia (713 foreclosure starts).
Foreclosure completion numbers decrease slightly from last month
Lenders repossessed 2,879 U.S. properties through completed foreclosures, or REOs, in May 2024, down 1% from last month and down 28% from last year.
States that had the greatest number of REOs in May 2024 included: California (254 REOs); Illinois (254 REOs); Pennsylvania (238 REOs); Ohio (177 REOs); and Texas (167 REOs).
Those major metropolitan statistical areas with a population greater than one million that saw the greatest number of REOs in May 2024 included: Chicago (179 REOs); New York (124 REOs); Baltimore (84 REOs); Pittsburgh (80 REOs); and Washington, DC (69 REOs).
ATTOM, a leading curator of land, property, and real estate data, has released its May 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,621 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 3% from a month ago but down 7% from a year ago.
"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."
Nationwide one in every 4,320 housing units had a foreclosure filing in May 2024. 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).
Among the 224 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in May 2024 were Longview, Texas (one in every 1,162 housing units with a foreclosure filing); Trenton, New Jersey (one in every 1,471 housing units); Atlantic City, New Jersey (one in every 1,569 housing units); Lakeland, Florida (one in every 1,584 housing units); and Bakersfield, California (one in every 1,685 housing units).
Those metropolitan areas with a population greater than one million with the worst foreclosure rates in May 20244 were: Chicago (one in every 2,015 housing units); Philadelphia (one in every 2,143 housing units); Riverside, California (one in every 2,216 housing units); Jacksonville, Florida (one in every 2,267 housing units); and Las Vegas (one in every 2,361 housing units).
Greatest numbers of foreclosure starts in Florida, Texas and California
Lenders started the foreclosure process on 22,385 U.S. properties in May 2024, up 3% from last month but down 4% from a year ago.
States that had the greatest number of foreclosure starts in May 2024 included: Florida (2,750 foreclosure starts); Texas (2,560 foreclosure starts); California (2,370 foreclosure starts); Illinois (1,427 foreclosure starts); and New Jersey (1,219 foreclosure starts).
Those major metropolitan areas with a population greater than one million that had the greatest number of foreclosure starts in May 2024 included: New York (1,447 foreclosure starts); Chicago (1,272 foreclosure starts); Houston (915 foreclosure starts); Miami (750 foreclosure starts); and Philadelphia (713 foreclosure starts).
Foreclosure completion numbers decrease slightly from last month
Lenders repossessed 2,879 U.S. properties through completed foreclosures, or REOs, in May 2024, down 1% from last month and down 28% from last year.
States that had the greatest number of REOs in May 2024 included: California (254 REOs); Illinois (254 REOs); Pennsylvania (238 REOs); Ohio (177 REOs); and Texas (167 REOs).
Those major metropolitan statistical areas with a population greater than one million that saw the greatest number of REOs in May 2024 included: Chicago (179 REOs); New York (124 REOs); Baltimore (84 REOs); Pittsburgh (80 REOs); and Washington, DC (69 REOs).
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- Written by: Lake County News reports
LAKE COUNTY, Calif. — A Wednesday afternoon wildfire has prompted evacuations in Nice.
The fire in the 6800 block of Hammond Avenue was first reported just before 3 p.m.
As of 15 minutes after dispatch, the fire was reported to be an acre in size and starting to burn a structure.
Firefighting resources were stretched thin at that point as firefighters had been called to a fire on Wilkinson Road in Kelseyville and then a barn and vegetation fire in Scotts Valley, requiring engines and other units to respond from the south county, based on radio traffic.
At 3:20 p.m., the Lake County Sheriff’s Office issued an evacuation order for zone NIC-E047 due to the fire in Nice.
“There is an IMMEDIATE threat to life and property to anyone in the impacted zones. Gather household members, pets and essential items (including medication), lock your home and leave now. Dial 9-1-1 if you have a life-threatening emergency ONLY; not for information,” the alert said.
The sheriff’s office said the evacuation area is north of Lakeshore Boulevard, south of Highway 20 at Point Lands Farm Road, east of the Nice-Lucerne Cutoff and west of Collier Avenue.
Shortly before 5 p.m., the sheriff’s office updated the evacuation areas, reporting that NIC-047B, a split zone of NIC-047, was for the area west of Hammond Avenue and was for a warning, while the area east of Hammond Avenue remained under an evacuation order. More about zone numbers can be found at https://protect.genasys.com.
Authorities also have established a temporary evacuation point at Upper Lake High School’s gymnasium at 675 Clover Valley Road for those evacuated due to the wildland fire.
At 6:20 p.m., the fire was reported to be contained, with two hours of mop up. The fire burned 1.2 acres.Updates will be published as they become available.
Email Elizabeth Larson at
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- Written by: Elizabeth Larson
NORTHERN CALIFORNIA — A wildland fire that began earlier this week in Colusa County has continued to grow rapidly in size.
The Sites fire reached 15,656 acres and 5% containment by Tuesday night.
Thirty structures are under threat from the fire, Cal Fire reported.
The fire began burning on Monday afternoon on Sites Lodoga Road and Wilson Creek, southeast of Stonyford.
It’s pushed south, close to Lake County, although Cal Fire has reported that it is not endangering Lake County.
Cal Fire said numerous firefighting air tankers from throughout the state are flying fire suppression missions as conditions allow.
There are 638 personnel, 34 engines, 15 water tenders, seven helicopters, 16 dozers and 18 hand crews assigned to the incident, Cal Fire said.
On Tuesday, evacuation orders were issued for Leesville Lodoga Road South to Leesville Road, Leesville to Huffmaster Road, Huffmaster Road to Maxwell Sites Road, Leesville Road to Antelope Valley Ranch and North from Antelope Valley Ranch, and Sites Lodoga Road at Sites, where there is a hard road closure.
Evacuation warnings are in place for the area south of Leesville Road along Bear Valley Road to Highway 20, and Highway 20 east to Leesville Road.
The Colusa Veterans Hall at 108 E. Main St. in Colusa is open for shelter needs, Cal Fire said.
Email Elizabeth Larson at
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- Written by: Elizabeth Larson
LAKE COUNTY, Calif. — The Board of Supervisors will hold special meetings this week for the purpose of considering the new fiscal year budget.
The board will meet beginning at 9 a.m. Thursday, June 20, and Friday, June 21, in the board chambers on the first floor of the Lake County Courthouse, 255 N. Forbes St., Lakeport.
The meeting can be watched live on Channel 8, online at https://countyoflake.legistar.com/Calendar.aspx and on the county’s Facebook page. Accompanying board documents, the agenda and archived board meeting videos also are available at that link.
To participate in real-time, join the Zoom meeting by clicking this link.
The meeting ID is 865 3354 4962, pass code 726865. The meeting also can be accessed via one tap mobile at +16694449171,,86533544962#,,,,*726865#. The meeting can also be accessed via phone at 669 900 6833.
On Thursday, the board will hold a draft budget hearing for the Lake County Air Quality Management District.
Also on Thursday and continuing into Friday, the supervisors will consider the recommended budget for Fiscal Year 2024-25 for the county of Lake and special districts governed by the Board of Supervisors and
The proposed 2024-25 budget totals $396,621,387 across all funds, compared to $383,115,631 for the 2023-24 budget.
Email Elizabeth Larson atThis email address is being protected from spambots. You need JavaScript enabled to view it. . Follow her on Twitter, @ERLarson, or Lake County News, @LakeCoNews.
The board will meet beginning at 9 a.m. Thursday, June 20, and Friday, June 21, in the board chambers on the first floor of the Lake County Courthouse, 255 N. Forbes St., Lakeport.
The meeting can be watched live on Channel 8, online at https://countyoflake.legistar.com/Calendar.aspx and on the county’s Facebook page. Accompanying board documents, the agenda and archived board meeting videos also are available at that link.
To participate in real-time, join the Zoom meeting by clicking this link.
The meeting ID is 865 3354 4962, pass code 726865. The meeting also can be accessed via one tap mobile at +16694449171,,86533544962#,,,,*726865#. The meeting can also be accessed via phone at 669 900 6833.
On Thursday, the board will hold a draft budget hearing for the Lake County Air Quality Management District.
Also on Thursday and continuing into Friday, the supervisors will consider the recommended budget for Fiscal Year 2024-25 for the county of Lake and special districts governed by the Board of Supervisors and
The proposed 2024-25 budget totals $396,621,387 across all funds, compared to $383,115,631 for the 2023-24 budget.
Email Elizabeth Larson at
- Details
- Written by: Elizabeth Larson