Home foreclosures are on the up across the US as Americans continue to battle against soaring interest rates and rising costs.
Last month, 37,679 properties had a foreclosure filing, according to fresh figures from real estate data provider ATTOM – up 10 percent from the month prior.
Foreclosure occurs when an owner can no longer make their monthly mortgage payments and must forfeit the rights to their property as a result. Foreclosure filings include default notices, scheduled auctions and bank repossessions.
The figures lay bare a growing housing affordability crisis in the US. But a disparity remains across America, with some states faring much worse than others.
Delaware recorded the highest number of filings last month, with one for every 2,269 housing units.
ALL on the Democrat Party Left & Biden Regime !!!! America in RUINS !!!!
A lot like 2008 out here but media and politicians downplay it and coverage non existent.