HOUSTON — Foreclosure filings ticked up again in July — and Texas, especially Houston, was a major driver. ATTOM’s new U.S. Foreclosure Market Report counted 36,128 properties nationwide with a filing (default notice, scheduled auction, or bank repossession). That’s up 11% from June and up 13% year over year.
“July’s foreclosure activity continues to trend upward year-over-year, with increases in both starts and completions,” said Rob Barber, CEO at ATTOM. “While rising home prices are helping many owners maintain equity, the steady climb in filings suggests growing pressure in some markets.”
What’s happening in Houston
- Among major metros (1M+ population), Houston posted one of the worst foreclosure rates: 1 in every 1,882 housing units had a filing.
- Houston led big metros in new foreclosure starts with 1,406 in July. (Chicago: 1,117; New York: 1,003; Miami: 920; Dallas: 751.)
- Completed foreclosures (REOs) in Houston: 95 in July, among the highest totals for large metros.
How Texas compares
- Texas had the most foreclosure starts of any state: 3,600 in July.
- Texas was also among the states with the greatest number of completed foreclosures (REOs): 377 in July.
- States with the worst foreclosure rates overall were Nevada, Florida, Maryland, South Carolina, and Illinois.
The national picture
- Nationwide foreclosure rate: 1 in every 3,939 housing units had a filing in July.
- Among big metros, other high rates included Jacksonville, Las Vegas, Riverside, and Cleveland.
- REOs nationwide: 3,866 (down 1% from June, up 18% year over year).
How ATTOM measures this
ATTOM counts properties with at least one filing recorded that month (default, auction, or REO) across more than 3,000 counties covering 99% of the U.S. population. For monthly reporting, only the most recent filing per property is counted, and duplicate filings within a state’s typical timeline are excluded…