Foreclosures in the US Increase as COVID Continues To Rise

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Foreclosures in the US Increase as COVID Continues To Rise

Since the start of the COVID-19 pandemic, the United States’ housing market has remained relatively strong, despite record-high unemployment, businesses shutting down, and routine infection rate surges. The Bottom 5: South Carolina, Nebraska, Alabama, Louisiana, and FloridaSouth Carolina, Nebraska, Alabama, Louisiana, and Florida posted the highest foreclosure rates compared to the rest of the nation. Among the highest rates in foreclosures were in large metropolitan areas with populations exceeding one million people. Perhaps, due to the strength of the housing market during the pandemic, foreclosure rates will continue to remain lower than last year’s. If you’re in the market to invest, then you’re going to want to pay attention to the foreclosure rates in your area and track any upticks.

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