Foreclosure rates are on the rise. As of February, there were nearly 33,000 properties in foreclosure, an 8% increase from the year prior, according to a new report from ATTOM.
"The annual uptick in U.S. foreclosure activity hints at shifting dynamics within the housing market," Rob Barber, CEO at ATTOM, said on the site. "These trends could signify evolving financial landscapes for homeowners, prompting adjustments in market strategies and lending practices."
The report found that foreclosure rates were up year-over-year in 22 states. Here's a look at the states with the highest foreclosure rates. Now what could this mean for you? Opportunities! Explore these 5 states and take action.
- Foreclosure rate: 1 in 2,248 homes
2. Delaware
- Foreclosure rate: 1 in 2,428 homes
3. Florida
- Foreclosure rate: 1 in 2,632 homes
4. Ohio
- Foreclosure rate: 1 in 2,828 homes
5. Connecticut
- Foreclosure rate: 1 in 2,884 homes
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