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  • Writer's pictureRealFacts Editorial Team

Commercial Foreclosures Up 117% Year Over Year

foreclosed house

New data from ATTOM shows commercial foreclosures increased a staggering 117% in March from the year prior. These foreclosures have been on the rise since a low of 141 in May 2020 up to 625 March 2024.

Graph of U.S. total foreclosures

The 6% MoM increase saw the most foreclosures in California, New York, Florida, and Texas. These numbers are sure to continue trending upward as the office sector remains crippled and interest rate cuts seem less likely in the near future.

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