ATTOM, a leading provider of property data, AI-powered intelligence, and real estate analytics solutions, has released its May 2026 U.S. Foreclosure Market Report, which shows there were a total of 40,355 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions — down 5 percent from a month ago and up 14 percent from a year ago.
"While foreclosure activity eased from April levels, the broader trend remains one of gradual year-over-year growth," said Rob Barber, CEO at ATTOM. "Foreclosure starts and completed foreclosures both increased compared to last year, reflecting ongoing pressure on some homeowners as elevated mortgage rates, rising ownership costs, and affordability constraints persist. At the same time, foreclosure volumes remain well below historical norms, indicating that the housing market continues to show resilience despite these challenges."
Florida, South Carolina, and Maryland post worst foreclosure rates in May
One in every 3,562 housing units nationwide had a foreclosure filing in May 2026. Florida recorded the worst foreclosure rate in the country, with one in every 2,110 housing units with a foreclosure filing. South Carolina ranked second (one in every 2,287 housing units), followed by Maryland (one in every 2,369 housing units), Nevada (one in every 2,386 housing units), and Indiana (one in every 2,516 housing units).
Among metro areas with populations of 2 million or more, Cleveland, OH recorded the worst foreclosure rate in May 2026, with one filing for every 1,524 housing units. Following Cleveland were Baltimore, MD (one in every 1,804); Tampa, FL (one in every 1,878); Riverside, CA (one in every 1,980 housing units); and Orlando, FL (one in every 2,034).
Comments
No comments on this item Please log in to comment by clicking here