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U.S. Foreclosure Activity Rises 19% Year-Over-Year, Led by Florida and South Carolina
U.S. Foreclosure Activity Rises 19% Year-Over-Year, Led by Florida and South Carolina
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BTCCSquare news:
Foreclosure activity surged across the U.S. in October, climbing 19% compared to the same period last year. Florida, South Carolina, Illinois, and Delaware recorded the sharpest increases, with Florida's filings jumping over 70% annually. The data, sourced from ATTOM's latest report, highlights growing financial strain on homeowners as housing costs outpace incomes.
While still below historic peaks, the uptick signals potential market shifts. Rising foreclosures may expand inventory and soften prices—a critical factor for prospective buyers assessing affordability. Regional disparities remain stark: Colorado and Alaska showed comparatively muted activity, underscoring the uneven economic pressures nationwide.
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