The July data for ATTOM Data Solutions’ US Foreclosure Market Report was released in August. 219 metropolitan areas were analyzed, among which 96 had an increase in foreclosure processes started. It’s only up 1% from June, but had been going up for three consecutive months. The small year-over-year increase of less than a percent is after a 36-month year-over-year decrease.
Despite the small numbers, Senior Vice President of ATTOM Daren Blomquist doesn’t think this is a fluke. Many local markets are continuing to see increases. The biggest jumps at the state and local level are Florida with a 35% increase statewide and the Houston, Texas metro area up a whopping 76%.