Florida, Texas, California Foreclosure Rates

Foreclosure activity in the U.S. increased in August, with over 40,000 properties involved in filings, up 1% from July and 13% from last year. Repossessions by lenders rose sharply, with nearly 5,800 properties repossessed, a 42% increase from the previous year. Florida, Texas, and California topped the states for foreclosure starts, while certain metro areas like Columbia, SC, had the highest foreclosure rates nationally. Despite these increases, industry experts state that the housing market remains stable overall.

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