Foreclosure Activity Doubles Annually but Still Remains Below Pre-Pandemic Levels

BY  ON JANUARY 17, 2023

According to ATTOM Data’s Year-End 2022 U.S. Foreclosure Market Report, there were 324,237 U.S. properties with foreclosure filings (representing 0.23% of all U.S. housing units) in 2022. Click here to read more.

This figure was up 11% from 2021 but down 34% from 2019 –  before the pandemic shook up the market. In addition, in 2022 foreclosure filings were also down 89% from a peak of nearly 2.9 million in 2010.

“Eighteen months after the end of the government’s foreclosure moratorium, and with less than five percent of the 8.4 million borrowers who entered the CARES Act forbearance program remaining, foreclosure activity remains significantly lower than it was prior to the COVID-19 pandemic…”

“It seems clear that government and mortgage industry efforts during the pandemic, coupled with a strong economy, have helped prevent millions of unnecessary foreclosures.”  Said Rick Sharga, executive vice president of market intelligence at ATTOM.


Click here to read the full report at ATTOM.

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  • Hamza Ashfaq
    published this page in Updates 2023-01-28 04:11:56 -0700