U.S. COMMERCIAL FORECLOSURES SPIKE IN SEPTEMBER 2024 WITH SIGNIFICANT YEAR-OVER-YEAR INCREASE | PR Newswire [Video]

Commercial Foreclosures Increased 15 Percent from Last Month and 48 Percent from Last Year; States with the Most Commercial Foreclosures in September 2024 Included California, New York, and Florida

, /PRNewswire/ — ATTOM, a leading curator of land, property data, and real estate analytics, today released an updated monthly report on U.S. Commercial Foreclosures. The report reveals that commercial foreclosures remain elevated and are still considerably higher than pre-pandemic figures. Starting in June 2023, foreclosure numbers saw a sharp increase, peaking at 752 in May 2024, before settling at 695 in ATTOM’s most recent data for September 2024. This recent surge suggests renewed financial stress or changes in commercial real estate dynamics.

Historical U.S. Commercial Foreclosure Activity

Historical Commercial Foreclosure Overview

The historical data on commercial foreclosure activity from January 2014 through September 2024reflects significant fluctuations, largely shaped by economic conditions and major events like the COVID-19 pandemic. The period from 2014 to …