United States foreclosure filings climbed 19% in the 12 months to October, the country’s eighth consecutive month of year-over-year increases as housing costs rise.
There were 36,766 properties in the U.S. with foreclosure filings, according to an Attom report. This is also a 3% rise from September.
"Even with these increases, activity remains well below historic highs. The current trend appears to reflect a gradual normalisation in foreclosure volumes as market conditions adjust and some homeowners continue to navigate higher housing and borrowing costs,” said Attom CEO Rob Barber.
U.S. lenders started the foreclosure process on 25,129 properties, growing by 20% year-over-year and by 6% from September.
Completed foreclosures also surged, with 3,872 properties being repossessed in October. This is up 32% from the previous year and a 2% rise from September.
Nationwide foreclosure rates remained under 0.5%, below historic averages of 1-1.5%.
Florida had the worst foreclosure rate of any state, with one in 1,829 housing units having a foreclosure filing during October. South Carolina, Illinois, Delaware, and Nevada had the next-highest foreclosure rates.
Tampa, Florida, also had the highest foreclosure rate among major metropolitan areas, though this was partly driven by the resumption of data collection in its county of Hillsborough. The second and third-worst metropolitan foreclosure rates were in Jacksonville and Orlando, also in Florida.
Average single-family housing prices in the U.S. rose by 2.3% in the 12 months to August, the Federal Housing Finance Agency said last month.
The average 30-year fixed mortgage rate dropped to its lowest point in 2025 in October, at 6.19%. Mortgage rates were 6.24% in the week to 13 November, having increased from 6.22% the previous week.
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