This statistic shows the foreclosure filings in the United States as of June 2017, by state. South Dakota had the lowest rate with only *** in every 24,583 housing units being subject to foreclosure.

The foreclosure rate in the United States has experienced significant fluctuations over the past two decades, reaching its peak in 2010 at **** percent following the financial crisis. Since then, the rate has steadily declined, with a notable drop to **** percent in 2021 due to government interventions during the COVID-19 pandemic. In 2024, the rate stood slightly higher at **** percent but remained well below historical averages, indicating a relatively stable housing market. Impact of economic conditions on foreclosures The foreclosure rate is closely tied to broader economic trends and housing market conditions. During the aftermath of the 2008 financial crisis, the share of non-performing mortgage loans climbed significantly, with loans 90 to 180 days past due reaching *** percent. Since then, the share of seriously delinquent loans has dropped notably, demonstrating a substantial improvement in mortgage performance. Among other things, the improved mortgage performance has to do with changes in the mortgage approval process. Homebuyers are subject to much stricter lending standards, such as higher credit score requirements. These changes ensure that borrowers can meet their payment obligations and are at a lower risk of defaulting and losing their home. Challenges for potential homebuyers Despite the low foreclosure rates, potential homebuyers face significant challenges in the current market. Homebuyer sentiment worsened substantially in 2021 and remained low across all age groups through 2024, with the 45 to 64 age group expressing the most negative outlook. Factors contributing to this sentiment include high housing costs and various financial obligations. For instance, in 2023, ** percent of non-homeowners reported that student loan expenses hindered their ability to save for a down payment.

Between 2015 and 2017, Memphis, Tennessee had the highest eviction rate at *** percent. The metropolitan areas with the next highest eviction rates were Phoenix (Arizona), Atlanta (Georgia), Indianapolis (Indiana) and Dallas (Texas) in that period.

Why do evictions occur? Eviction rate refers to the share of renters who are legally removed from a rental property by their landlord, because rent is overdue, the tenant has breached a condition of the rental agreement or for other legally permitted reasons.

Higher rates in the South and Midwest Eviction rates tend to be higher in the South and Midwest of the country, because median incomes are low and foreclosure rates are high. Vacancy rates are consistently higher in the South and Midwest than in the Northeast and West, which means that landlords cannot afford to be as picky when choosing a tenant in the South and Midwest. Tenants who struggle to pay their rent have a much lower chance of being chosen as tenant in the more competitive rental markets, which also keeps the eviction rates lower in those areas.

Thailand Sec Co: Assets: OA: Properties Foreclosed data was reported at 65.392 THB mn in Mar 2018. This stayed constant from the previous number of 65.392 THB mn for Dec 2017. Thailand Sec Co: Assets: OA: Properties Foreclosed data is updated quarterly, averaging 78.611 THB mn from Mar 2011 (Median) to Mar 2018, with 29 observations. The data reached an all-time high of 110.270 THB mn in Sep 2011 and a record low of 65.392 THB mn in Mar 2018. Thailand Sec Co: Assets: OA: Properties Foreclosed data remains active status in CEIC and is reported by Securities and Exchange Commission. The data is categorized under Global Database’s Thailand – Table TH.Z021: Securities Company Statistics.

The are several factors that can accumulate in the repossession of a home, the most common reason for being mortgage arrears. This occurs when borrowers can no longer make the mortgage repayments. Mortgage lenders will repossess the home to sell to recover the money owed. In 2023, between *** and *** homes in England were repossessed monthly. In Wales, this figure ranged between ** and **. Which regions saw the most repossessions? The North West recorded the highest number of repossessions in 2023. Conversely, the East of England, South West, East Midlands, and Wales had the lowest number of repossessions. London and South East, the regions with the highest average earnings, ranked in the middle. Mortgage arrears on the rise Mortgage arrears in the UK have increased quarter-on-quarter since the third quarter of 2022, showing that homebuyers are increasingly struggling to meet their monthly obligations. Borrowers who missed a mortgage payment were highly likely to also fall behind on other financial commitments, with credit card debt being the most common one.