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Foreclosures have jumped 70%. Here’s what that says about the housing market

Foreclosures are up, and that’s something potential homebuyers and investors should take note of. Indeed, according to a report from mortgage data and analytics company Black Knight, in January there was a seven-fold increase in foreclosure starts as compared to December, with roughly 33,000 loans referred to foreclosure. What’s more, data from real estate data analytics firm ATTOM Data Solutions revealed that lenders repossessed 2,634 U.S. properties through completed foreclosures in February 2022, which is an increase of 70% from last year (though it’s still down 45% from last month).
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