US foreclosure filings jump 22%, and repossessions hit highest level in 3 years

Wed, 04/19/2023 - 13:48

Two movers carry a sofa into a moving truck parked out front of a large white house. — Luxury single-family homes in the top 20 US markets and with modest footprints between 2,500 and 3,500 square feet sold 18.6% faster between April and August 2022 than big homes between 4,500 and 5,000 square feet, according to a report by Coldwell Banker.
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Foreclosure filings climbed 22% in the first quarter compared to a year ago, analytics firm ATTOM said.
Foreclosure activity has increased for 23 consecutive months after a federal moratorium was lifted.
Meanwhile, repossessions hit the highest level in three years.

US foreclosure filings in the first quarter climbed 22% from a year ago, and repossessions rose by 6%, according to data from analytics company ATTOM.