U.S. Foreclosure Activity Surges, With Delaware Leading at 159% Yearly Increase
Foreclosure rates across the United States have climbed sharply, with November figures showing a 21% annual rise according to ATTOM data. Delaware recorded the most dramatic spike—up 159% from last year—followed by Nevada (+26%), New Jersey (+48%), and Florida (+21%). While monthly activity dipped 3% from October, volumes remain far below historical peaks.
The surge signals mounting pressure on homeowners as housing costs outpace incomes. For buyers, rising foreclosures may gradually expand inventory and soften prices, though regional disparities remain stark. Real estate analysts note these trends offer critical insights into market health ahead of 2024's buying season.