BROWNSVILLE – While U.S. foreclosure activity in the first half of the year is generally climbing back to pre-pandemic levels, there are exceptions. Brownsville is one of only seven most-populated metros to report decreasing foreclosures compared with 2021.
According to ATTOM real estate data, Brownsville foreclosures are down 8 percent from a year ago. Others bucking the trend are Lake Havasu, Ariz. (down 47 percent); Eugene, Ore. (down 27 percent); Springfield, Ill. (down 19 percent); and Shreveport, La. (down 9 percent.)
The highest foreclosure rates were reported in Illinois, New Jersey, Ohio, Delaware, and South Carolina.
Cleveland, Ohio, led the 223 metros analyzed with .40 percent of its housing units with foreclosure filings.
A total of 117,383 U.S. properties started the foreclosure process in the first six months of 2022, up 219 percent from the first half of last year and up 19 percent from the same time in 2020.