US foreclosure filings rose 8% in January, though they remain 7% below last year's levels.
Foreclosure filings in the US rose by 8% in January compared to December, but are still 7% lower than January 2023. The increase might be due to post-holiday catch-up filings. Despite a 1% rise in repossessions from December, they are down 25% year-over-year. Foreclosure activity increased in 79% of US metro areas, with Houston and Miami seeing over 4% delinquency rates. The average foreclosure process takes 812 days, and consumer sentiment about the housing market improved in January.
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