Connect with us

Technology

FORECLOSURE FILINGS DIP MONTH-OVER-MONTH WHILE ANNUAL TREND CONTINUES UPWARD

Published

on

Foreclosure Starts Increase 13 Percent Year Over Year; Completed Foreclosures (REOs) Rises 6 Percent Annually

IRVINE, Calif., June 11, 2026 /PRNewswire/ — ATTOM, the leading provider of property data, AI-powered intelligence, and real estate analytics solutions, today released its May 2026 U.S. Foreclosure Market Report, which shows there were a total of 40,355 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions — down 5 percent from a month ago and up 14 percent from a year ago.

“While foreclosure activity eased from April levels, the broader trend remains one of gradual year-over-year growth,” said Rob Barber, CEO at ATTOM. “Foreclosure starts and completed foreclosures both increased compared to last year, reflecting ongoing pressure on some homeowners as elevated mortgage rates, rising ownership costs, and affordability constraints persist. At the same time, foreclosure volumes remain well below historical norms, indicating that the housing market continues to show resilience despite these challenges.”

Florida, South Carolina, and Maryland post worst foreclosure rates in May
One in every 3,562 housing units nationwide had a foreclosure filing in May 2026. Florida recorded the worst foreclosure rate in the country, with one in every 2,110 housing units with a foreclosure filing.  South Carolina ranked second (one in every 2,287 housing units), followed by Maryland (one in every 2,369 housing units), Nevada (one in every 2,386 housing units), and Indiana (one in every 2,516 housing units).

Among metro areas with populations of 2 million or more, Cleveland, OH recorded the worst foreclosure rate in May 2026, with one filing for every 1,524 housing units. Following Cleveland were Baltimore, MD (one in every 1,804); Tampa, FL (one in every 1,878); Riverside, CA (one in every 1,980 housing units); and Orlando, FL (one in every 2,034).

Texas, Florida, and California top nation in foreclosure starts 
Lenders initiated the foreclosure process on 27,304 U.S. properties in May 2026, down 4 percent from the previous month but up 13 percent from a year ago.

Texas led the nation in foreclosure starts in May 2026 (3,590 foreclosure starts); followed by Florida (3,315 foreclosure starts); California (2,530 foreclosure starts); Georgia (1,161 foreclosure starts); and Illinois (1,150 foreclosure starts).

Contrary to the national trend, among metropolitan areas with a population of at least 200,000 with at least 20 foreclosure starts, the following saw the largest year-over-year declines in foreclosure starts in May 2026: Santa Rosa, CA (decrease from 93 foreclosure starts in May 2025 to 21 in May 2026); Honolulu, HI (decrease from 68 to 30 foreclosure starts); Seattle, WA (decrease from 196 to 99 foreclosure starts); Visalia, CA (decrease from 39 to 22 foreclosure starts); and Greeley, CO (decrease from 78 to 45 foreclosure starts).

Completed foreclosures remain elevated from a year ago
Lenders repossessed 4,092 U.S. properties through completed foreclosures (REOs) in May 2026, down 20 percent from the previous month but up 6 percent from a year ago.

States with the highest number of REOs in May 2026 were Texas (519 REOs); California (427 REOs); Florida (340 REOs); Illinois (223 REOs); and Michigan (222 REOs).

Those major metropolitan statistical areas (MSAs) with a population greater than 200,00 that saw the highest number of REOs in May 2026 included: Chicago, IL (204 REOs); Detroit, MI (124 REOs); Houston, TX (122 REOs); Dallas, TX (88 REOs); and New York, NY (84 REOs).

Key highlights from the May 2026 foreclosure data
ATTOM’s May 2026 U.S. Foreclosure Market Report found that 40,355 properties nationwide had a foreclosure filing, down 5 percent from April but up 14 percent from May 2025. The increase marks the continuation of a trend of rising foreclosure activity on an annual basis. Foreclosure starts climbed 13 percent year over year to 27,304, while completed foreclosures (REOs) rose 6 percent to 4,092. Despite these annual increases, overall foreclosure activity remains well below pre-pandemic levels.

Report methodology
The ATTOM U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the month and quarter. Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter. Data is collected from more than 3,000 counties nationwide, and those counties account for more than 99 percent of the U.S. population. ATTOM’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). For the annual, midyear and quarterly reports, if more than one type of foreclosure document is received for a property during the timeframe, only the most recent filing is counted in the report. The annual, midyear, quarterly and monthly reports all check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current year, quarter or month.

About ATTOM
ATTOM delivers AI-driven property intelligence built on one of the nation’s most trusted property data assets, covering 160 million U.S. properties—99% of the population. Our engineered, multi-sourced real estate data spans property tax, deeds, mortgages, foreclosure, environmental risk, property conditions, natural hazards, neighborhood insights, and geospatial boundaries, rigorously validated for advanced analytics. ATTOM supports analytics and AI-driven applications through flexible delivery options including APIs, bulk licensing, cloud delivery, and the MCP Server for AI-powered, agentic access to engineered property data—enabling organizations to automate analysis and scale property intelligence across industries.

Media Contact:
Megan Hunt
megan.hunt@attomdata.com

Data and Report Licensing:
949.502.8313
datareports@attomdata.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/foreclosure-filings-dip-month-over-month-while-annual-trend-continues-upward-302797405.html

SOURCE ATTOM

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

KTech Releases Technology State of the Union Report, Showcasing Knoxville’s Rise as a National Innovation Hub

Published

on

By

The Knoxville area is emerging as a leader in advanced energy, high-performance computing, and research commercialization due to a rare combination of assets that distinguish this region from other metropolitan areas.

KNOXVILLE, Tenn., June 11, 2026 /PRNewswire-PRWeb/ — The Knoxville Technology Council (KTech) has released its inaugural Technology State of the Union Report, an assessment of the Knoxville region’s technology economy and the forces shaping its future growth.

“Knoxville is uniquely positioned at the AI-energy convergence. We must work together to address the challenges and capitalize on the opportunities, ensuring that we build the workforce and infrastructure that accelerates innovation and secures a successful future for our community.”

The report evaluates Knoxville’s tech ecosystem across three major areas: workforce and talent, technology investment, and entrepreneurial growth. It highlights a rare combination of assets that distinguish Knoxville from other metropolitan areas:

Culture of Innovation — World-class research institutions and a flagship research university that generate breakthroughs in emerging technologies and attract top talentEnergy Infrastructure — Home to one of the nation’s largest public power providers, clean energy innovation, and a growing advanced nuclear energy sectorEntrepreneurial Spirit — An energetic startup community with an established network of supporting organizationsQuality of Life — A lower cost of living, strong job market, family-friendly amenities, and abundant outdoor and cultural activities

Together, these advantages are fueling Knoxville’s economic growth, particularly in advanced energy, artificial intelligence, and high-performance computing.

KTech Board Member, Travis Howerton, who led the initiative to release the report, said that East Tennessee has “all the raw ingredients we need to create a booming tech economy in the coming decades. At KTech, we want to be part of empowering our tech leaders to make Knoxville a premier tech hub in the U.S.”

The report draws from a survey of regional technology leaders along with economic data and research from leading organizations, including the East Tennessee Economic Council, Knoxville Chamber, Tennessee Valley Authority, Tennessee Advanced Energy Business Council, University of Tennessee, and Oak Ridge National Laboratory.

While it highlights where the region is gaining momentum, the report also identifies workforce readiness as the region’s primary constraint on growth. Other recommendations include expanding hands-on workforce development opportunities, strengthening research-to-commercialization pathways, improving broadband and digital infrastructure, and increasing access to growth-stage capital for startups.

“Knoxville is uniquely positioned at the AI-energy convergence. We must work together to address the challenges and capitalize on the opportunities, ensuring that we build the workforce and infrastructure that accelerates innovation and secures a successful future for our community,” said KTech President, Matt Kittrell.

Download the Report

The full Technology State of the Union Report is available at:
https://www.knoxtech.org/state-of-the-union/

About KTech

The Knoxville Technology Council (KTech) exists to connect, develop, and promote the technology industry in the Greater Knoxville region. Founded on the belief that the technology industry is essential for the Knoxville community to thrive, KTech aims to unite the region’s technology leaders and advocate for ideas and policies that support the growth of Knoxville as a vibrant and sustainable technology hub. Learn more at https://www.knoxtech.org/

Media Contact

Jenna Spooner, Knoxville Technology Council, 1 865.246.2617, admin@knoxtech.org, knoxtech.org

View original content to download multimedia:https://www.prweb.com/releases/ktech-releases-technology-state-of-the-union-report-showcasing-knoxvilles-rise-as-a-national-innovation-hub-302797813.html

SOURCE Knoxville Technology Council

Continue Reading

Technology

RHODE ISLAND LAWMAKERS PASS TEAMSTERS-SUPPORTED WAREHOUSE WORKER PROTECTION ACT

Published

on

By

Governor Dan McKee’s Signature Expected Imminently

PROVIDENCE, R.I., June 11, 2026 /PRNewswire/ — Teamsters are celebrating the passage of S2504A/H7364A, the Rhode Island Warehouse Worker Protection Act, out of the General Assembly. The legislation will prevent companies like Amazon from abusing their workforce by regulating the use and disclosure of warehouse quotas.

“Amazon and other bad actors who make up the worst employers in our state have been wreaking havoc on workers’ livelihoods and physical well-being for far too long, but we’re putting a stop to in Rhode Island,” said Matt Taibi, Secretary-Treasurer of Teamsters Local 251 in East Providence.

Gov. McKee has already said he will sign the bill into law. Rhode Island will become the seventh state to enact the Warehouse Worker Protection Act, following California, Minnesota, New York, Oregon, Washington, and most recently Connecticut.

“Far too many people who work in warehousing go to work every day and put themselves in harm’s way because of strain or exhaustion, and even then, are told they’re still not abiding by an unknown production standard,” Taibi said. “By working with our allies in the legislature, particularly Rep. Evan Shanley and Senate Majority Leader Frank Ciccone, we’ve leveled the playing field by increasing something that isn’t measured enough: corporate accountability.”

The warehouse bill is the latest legislative success for Rhode Island Teamsters — last session, the union successfully got laws passed to enhance school bus safety and prevent mandatory attendance at anti-union propaganda meetings.

Teamsters Local 251 represents over 6,200 workers in a wide variety of industries throughout Rhode Island and southeastern Massachusetts. For more information, go to teamsters251.org.

Contact:
Matt McQuaid, (771) 241-0015
mmcquaid@teamster.org  

View original content to download multimedia:https://www.prnewswire.com/news-releases/rhode-island-lawmakers-pass-teamsters-supported-warehouse-worker-protection-act-302798461.html

SOURCE International Brotherhood of Teamsters

Continue Reading

Technology

Jennifer Biro Named a 2026 Philadelphia Titan 100 Honoree for Second Consecutive Year

Published

on

By

FORT WASHINGTON, Pa., June 11, 2026 /PRNewswire/ — CleanSpace is proud to announce that Jennifer Biro, Chief Revenue Officer, has been recognized as a 2026 Philadelphia Titan 100 Honoree. This marks Biro’s second consecutive year receiving the prestigious distinction, which recognizes the region’s top CEOs and C-level executives for their leadership, vision, and impact.

The Titan 100 program celebrates Philadelphia’s most accomplished business leaders across a wide range of industries. Honorees are selected based on their demonstrated leadership, vision, passion, and contributions to the growth and success of their organizations.

As Chief Revenue Officer of CleanSpace, Biro leads the company’s national sales strategy and business development initiatives. Her leadership has played a key role in expanding CleanSpace’s presence across the life sciences, pharmaceutical, biotechnology, healthcare, semiconductor, battery manufacturing, and advanced technology sectors. Through a customer-focused approach and commitment to long-term partnerships, she has helped position CleanSpace as a trusted provider of modular cleanroom, cold room, and controlled environment solutions.

“I am incredibly honored to be recognized as a Philadelphia Titan 100 honoree for the second year in a row,” said Biro. “This recognition reflects the collective efforts of the entire CleanSpace team. Every accomplishment is the result of talented people working together toward a common goal, and I am grateful to be part of an organization that continues to push boundaries, solve complex challenges, and support our clients’ success.”

“Jennifer’s leadership, passion, and commitment to excellence have had a tremendous impact on CleanSpace’s growth and success,” said Glenn Vandegrift, President and Owner of CleanSpace. “She leads with integrity, builds strong relationships, and consistently demonstrates the vision required to help move our company forward. We are proud to see her recognized once again among Philadelphia’s most accomplished business leaders.”

Biro will be honored alongside fellow Titan 100 recipients at the annual awards celebration on September 10, 2026, in Philadelphia.

About CleanSpace

CleanSpace is a nationally recognized design-build partner specializing in controlled and regulated environments. Through an integrated approach that combines planning, design, engineering, manufacturing, construction, maintenance, and CQV support, CleanSpace helps clients reduce risk, maintain compliance, and accelerate project delivery. The company serves clients across the life sciences, biotechnology, pharmaceutical, healthcare, semiconductor, battery, and advanced manufacturing industries throughout North America.

Media Contact:

Stephanie Raab
Director, Marketing
sraab@cleanspaceus.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/jennifer-biro-named-a-2026-philadelphia-titan-100-honoree-for-second-consecutive-year-302798462.html

SOURCE CleanSpace Modular, LLC

Continue Reading

Trending