63
December 2024
J O U R N A L
December 2024 ยป
California, Texas & Florida See
the Largest Share of Foreclosure
Starts
In October, lenders began foreclo-
sure proceedings on 20,950 properties
in the UnitedStates, a decrease of 10%
from a year ago but an increase of 6%
from the previous month.
The U.S. states that had the greatest
number of foreclosure starts in October
included:
1. California (2,915 foreclosure starts)
2. Texas (2,282 foreclosure starts)
3. Florida (2,227 foreclosure starts)
4. New York (1,187 foreclosure starts)
5. Michigan (1,035 foreclosure starts)
The major metro areas with a
population greater than 1 million that
had the greatest number of foreclosure
starts in October included:
1. New York (1,247 foreclosure starts)
2. Los Angeles (911 foreclosure starts)
3. Chicago (761 foreclosure starts)
4. Miami-Fort Lauderdale, FL (727
foreclosure starts)
5. Houston (624 foreclosure starts)
Foreclosure Completions Tick Up
From October
Last month, some 2,938 U.S. res-
idences were repossessed by lenders
through completed foreclosures
(REOs), a decrease of 12% from the pre-
vious year but an increase of 12% from
the previous month.
The U.S. states that had the greatest
number of REOs in October included:
1. California (306 REOs)
2. Illinois (252 REOs)
3. Texas (249 REOs)
4. New York (212 REOs)
5. Florida (140 REOs)
The major metropolitan statistical
areas (MSAs) with a population greater
than 1 million that saw the greatest
number of REOs in October included:
1. Chicago (162 REOs)
2. New York (147 REOs)
3. Los Angeles (61 REOs)
4. Detroit (59 REOs)
5. San Antonio (58 REOs)
