Top U.S. States with the Most Commercial Foreclosures in June 2024

In a notable examination of the U.S. commercial real estate landscape, a recent report from ATTOM reveals significant trends in commercial foreclosures. As the market experiences varied fluctuations, certain states have emerged as front-runners in the number of commercial foreclosures reported in June 2024.

According to ATTOM’s data, California topped the list with a staggering 214 commercial foreclosures, marking a notable change. Texas followed with 70 foreclosures, while New York and New Jersey recorded 58 and 47, respectively. This data illustrates a broader trend of increasing commercial foreclosure activity, reflecting the complex dynamics influencing the marketplace.

A year-over-year increase of 2.19% in commercial foreclosure activity underscores a growing trend that should not be overlooked. Between these reported figures, California’s numbers reflect a dramatic 69% increase from the previous year, a statistic that highlights just how critical the situation is for commercial property stakeholders in the state.

In June 2024, states reported the following highest counts of commercial foreclosures:

1. California: 214

   • YoY Change: +69%

2. Texas: 70

   • YoY Change: +10%

3. New York: 58

   • YoY Change: +12%

4. New Jersey: 47

   • YoY Change: +12%

5. Florida: 40

   • YoY Change: 0%

6. Pennsylvania: 35

   • YoY Change: +45%

7. Illinois: 16

   • YoY Change: +33%

8. Arizona: 14

   • YoY Change: +8%

9. Connecticut: 13

   • YoY Change: +42%

10. Washington: 11

    • YoY Change: +50%

These statistics provide real estate professionals with valuable insights into ongoing market trends and potential investment shifts. As commercial property owners and realtors navigate this complex environment, understanding the technological tools available can help them stay informed.

Platforms like RE-Nerds.com facilitate better comprehension of these evolving technologies in the real estate sector. By leveraging such resources, agents and brokers can gain insights that empower their strategies amidst changing market conditions.

In conclusion, the data from June 2024 highlights a critical moment for commercial real estate agents and brokers. As they adapt to these shifts and the implications of increased foreclosure rates, the pressing question remains: how will these trends shape the future of commercial property investment in the United States?

In a notable examination of the U.S. commercial real estate landscape, a recent report from ATTOM reveals significant trends in commercial foreclosures. As the market experiences varied fluctuations, certain states have emerged as front-runners in the number of commercial foreclosures reported in June 2024.

According to ATTOM’s data, California topped the list with a staggering 214 commercial foreclosures, marking a notable change. Texas followed with 70 foreclosures, while New York and New Jersey recorded 58 and 47, respectively. This data illustrates a broader trend of increasing commercial foreclosure activity, reflecting the complex dynamics influencing the marketplace.

A year-over-year increase of 2.19% in commercial foreclosure activity underscores a growing trend that should not be overlooked. Between these reported figures, California’s numbers reflect a dramatic 69% increase from the previous year, a statistic that highlights just how critical the situation is for commercial property stakeholders in the state.

In June 2024, states reported the following highest counts of commercial foreclosures:

1. California: 214

   • YoY Change: +69%

2. Texas: 70

   • YoY Change: +10%

3. New York: 58

   • YoY Change: +12%

4. New Jersey: 47

   • YoY Change: +12%

5. Florida: 40

   • YoY Change: 0%

6. Pennsylvania: 35

   • YoY Change: +45%

7. Illinois: 16

   • YoY Change: +33%

8. Arizona: 14

   • YoY Change: +8%

9. Connecticut: 13

   • YoY Change: +42%

10. Washington: 11

    • YoY Change: +50%

These statistics provide real estate professionals with valuable insights into ongoing market trends and potential investment shifts. As commercial property owners and realtors navigate this complex environment, understanding the technological tools available can help them stay informed.

Platforms like RE-Nerds.com facilitate better comprehension of these evolving technologies in the real estate sector. By leveraging such resources, agents and brokers can gain insights that empower their strategies amidst changing market conditions.

In conclusion, the data from June 2024 highlights a critical moment for commercial real estate agents and brokers. As they adapt to these shifts and the implications of increased foreclosure rates, the pressing question remains: how will these trends shape the future of commercial property investment in the United States?