The median price of U.S. homes increased in 2017 to a new all-time high, according to the National Association of Realtors released on Wednesday. The trade group said that home prices rose 3 percent year-over-year and set an average sales price record at $310,000—$5,200 above the previous peak reached during the housing bubble in 2006

The “current foreclosure rates 2022” is a new record-high price for US homes. The housing market has been on the rise and it is expected to continue.

 

The cost of new single-family houses being constructed and sold in the United States is rising. In 2002, the average price of such a property was $228,700, but by 2020, it had risen to $391,900. Meanwhile, city resident consumer costs increased by 42% within the same time period, making the typical 2020 house $67,000 more expensive than its 2002 equivalent after inflation.

 

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In 2002, the sector of pricey houses costing more than $400,000 apiece accounted for just 9% of new home sales in the United States. By 2020, the category would have risen to 34% of the market. According to the Census Bureau, the percentage of residences costing less than $150,000 plummeted from 30% to barely 1% throughout this period.

 

The number of affordable new houses in the United States rose again in 2008 and 2009 as a result of the financial crisis and the housing bubble in the United States, although only for a short time. Over time, buyers have paid more for the same basic dwellings, but at the same time, the typical new house has gotten larger and more elegant, with greater room and amenities resulting in higher prices.

 

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These states have been worst afflicted by the foreclosure crisis.

 

According to ATTOM Data Solutions, there were 25,833 foreclosure filings in the United States in February. This is up 129 percent from February of last year, when the pandemic-related ban on foreclosures kept activity low. The latest extension of the foreclosure moratorium by the Biden administration expired on July 31, 2021. The evictions moratorium for foreclosed debtors was extended until September 30, 2021.

 

It’s also worth mentioning that the number of foreclosure filings climbed by more than 11% from January to February. This uptick comes after a nearly 29% spike in foreclosure filings from December 2021 to January 2022. According to ATTOM experts, the double-digit growth from month to month is in line with predictions and will likely continue for at least the next six months.

 

These rises signal a gradual return to normal levels of foreclosure activity after two years of unusually low foreclosure rates owing to government and business efforts aimed to safeguard homes financially damaged by the epidemic.

 

For the seventh month in a row, foreclosure activity has increased on a year-over-year basis. Year-over-year foreclosure increases are expected to continue throughout the remainder of 2022, according to ATTOM, although foreclosures are expected to remain below historic levels until the end of the year. Continue reading to learn about the foreclosure rates in February 2022, as well as the five counties in each state with the highest rates.

 

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As previously said, foreclosures are up from last month, and much more so when compared to the previous year. Start with the state with the lowest rate of foreclosure filings per housing unit to see February foreclosure rates for all 50 states — including the District of Columbia.

 

 

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Washington, D.C. saw 19 foreclosures in February, ranking between Alaska and Vermont as the country’s 48th and 49th least populous states. With 315,176 housing units, the foreclosure rate in Washington, D.C. was one in every 16,588 families, placing it between Montana (#44) and Kansas (#43).

 

 

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With five properties in foreclosure, South Dakota was placed 50th. The sixth least populous state, with 388,569 total housing units, has a foreclosure rate of one in every 77,714 families. Walworth, Butte, Lincoln, Pennington, and Minnehaha counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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The foreclosure rate in North Dakota was one in every 37,306 residences in February. With a total of 373,063 housing units, 10 of which were in foreclosure, this places the fourth least populous state in 49th position. Nelson, Barnes, Ward, Cass, and Burleigh were the counties with the most foreclosures per dwelling unit (from highest to lowest).

 

 

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There were ten foreclosures in Alaska, resulting in a foreclosure rate of one in every 31,467 residences. As a result, the 48th most populous state, with 314,670 housing units, fell to third place. With just three counties reporting foreclosures, the counties with the greatest foreclosures per housing unit were Kenai Peninsula, Matanuska-Susitna, and Anchorage (in order of highest to lowest).

 

 

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West Virginia, the 38th most populous state, was rated 47th. It has a total of 892,182 properties, 33 of which are in foreclosure. That implies one out of every 27,036 houses was in foreclosure. Grant, Wayne, Hancock, Marshall, and Lewis were the counties with the most foreclosures per dwelling unit (from highest to lowest).

 

 

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Vermont, which ranks 49th in terms of population, ranks 46th in terms of foreclosure rate. Thirteen residences of Vermont’s 334,999 housing units fell into foreclosure, or one in every 25,769 families. Windham, Bennington, Rutland, Washington, and Addison counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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The state with the 27th greatest population also had the 45th highest foreclosure rate. There were 73 foreclosures out of 1,768,901 residences in Oregon, resulting in a foreclosure rate of one out of every 24,232 homes. Douglas, Clackamas, Washington, Coos, and Klamath counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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The 44th most populous state also has the 44th highest rate of foreclosures. The state was ranked at the same position in January. Its foreclosure rate was one in every 19,622 residences, with 26 foreclosures out of 510,180 housing units. Blaine, Richland, Custer, Fergus, and Yellowstone counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Kansas was ranked 43rd in February. The foreclosure rate in the 35th most populous state was one in every 16,324 families, with 1,273,297 residences and a total of 78 housing units entering into foreclosure. Geary, Seward, Sherman, Cowley, and Brown counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Kentucky, which has a total of 1,983,949 housing units, had 134 properties fall into foreclosure in January and is still ranked first. As a result, one out of every 14,806 homes in the 26th most populous state is facing foreclosure. Trimble, Hardin, Boyd, Union, and Greenup counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Washington is the 13th most populous state, yet it has the 41st highest foreclosure rate. It has 3,106,528 housing units, 244 of which are in foreclosure, resulting in a foreclosure rate of one in every 12,732 families in the state. Asotin, Pacific, Snohomish, Douglas, and Grays Harbor counties had the most foreclosures per housing unit (from highest to lowest).

 

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There were 249 foreclosures in Tennessee, the 16th most populous state, out of 2,963,486 housing units. As a result, one out of every 11,902 houses is in foreclosure. Moore, Rhea, Cocke, Sequatchie, and Carroll were the counties with the most foreclosures per housing unit (from highest to lowest).

 

 

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Idaho, the 39th most populous state, has 62 properties under foreclosure. The state’s foreclosure rate was one in every 11,671 families, with 723,594 total housing units. Payette, Franklin, Teton, Bonneville, and Washington counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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New Hampshire, the 41st most populous state, has the 38th highest foreclosure rate. There were 56 foreclosures out of 634,726 residences, resulting in a foreclosure rate of one in every 11,334 households. Merrimack, Cheshire, Strafford, Rockingham, and Belknap counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Minnesota, which is the 22nd most populous state, has the 37th highest foreclosure rate. It has 2,438,203 housing units, 219 of which are in foreclosure, resulting in a foreclosure rate of one in every 11,133 families in the state. Wright, Rock, Washington, Pipestone, and Murray counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Wyoming, the least populous state in the nation, was ranked 36th in the country for the highest foreclosure rate. The state’s foreclosure rate was one in every 10,648 families, with 276,846 housing units, of which 26 fell into foreclosure. Campbell, Washakie, Johnson, Big Horn, and Converse counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Arkansas, which is the 32nd most populous state, has the 35th highest foreclosure rate. It has 1,370,281 housing units, 136 of which have gone into foreclosure, resulting in a foreclosure rate of one in every 10,076 families in the state. Cleveland, Miller, Fulton, Union, and Lonoke were the counties with the most foreclosures per housing unit (from highest to lowest).

 

 

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There were 132 foreclosures in Mississippi, the 33rd most populous state, out of 1,322,808 dwelling units. As a result, one out of every 10,021 houses is in foreclosure. Lawrence, Coahoma, De Soto, Franklin, and Holmes were the counties with the most foreclosures per housing unit (from highest to lowest).

 

 

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Louisiana, with a population of 25 million people, was ranked 33rd, with 219 properties in foreclosure out of a total of 2,059,918. That implies one out of every 9,406 homes in Louisiana experienced a foreclosure. Saint Charles, Franklin, Saint Landry, Tangipahoa, and Livingston counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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The 32nd greatest foreclosure rate was found in the 21st most populous state. There were 254 foreclosures out of 2,386,475 housing units in Colorado, resulting in a foreclosure rate of one out of every 9,396 residences. Jackson, Delta, Phillips, Morgan, and Archuleta counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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With 387 properties in foreclosure, the 12th most populous state ranks 31st among states with the highest foreclosure rate. The state had a foreclosure rate of one in every 9,080 families, with 3,514,032 total housing units. Norton City, Sussex, Martinsville City, Surry, and Mathews were the counties with the most foreclosures per dwelling unit (from highest to lowest).

 

 

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The state with the eighth-lowest population has the 30th-highest foreclosure rate. Out of 468,335 total housing units, 53 residences fell into foreclosure, resulting in a foreclosure rate of one in every 8,837 families in the Ocean State. Foreclosures were found in just four counties throughout the state. Kent, Providence, Bristol, and Newport were the top four (in order).

 

 

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The fourth most populous state ranked 29th, with 1,015 out of a total of 8,322,722 dwelling units under foreclosure. In February, one out of every 8,200 families in New York was in foreclosure. Suffolk, Cattaraugus, Ulster, Washington, and Greene counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Wisconsin, the 20th most populous state, had a foreclosure rate of one in every 7,856 homes, with 343 foreclosures out of 2,694,527 total dwelling units. Langlade, Washburn, Waupaca, Walworth, and Dodge counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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The state with the 15th greatest population also had the 27th highest foreclosure rate. 374 out of 2,897,259 housing units in Massachusetts fell into foreclosure, resulting in a foreclosure rate of one out of every 7,747 residences. From greatest to lowest, the counties with the most foreclosures per housing unit were Hampden, Bristol, Plymouth, Berkshire, and Worcester.

 

 

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Oklahoma came in 26th place. With 1,731,632 housing units, the 28th most populous state had 234 residences fall into foreclosure, or one out of every 7,400. Kingfisher, Jackson, Craig, Dewey, and Muskogee counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Hawaii, the 40th most populous state, with the 25th highest foreclosure rate. 75 out of 542,674 residences were foreclosed on, resulting in a foreclosure rate of one out of every 7,236 families. Foreclosures were found in just four counties throughout the state. Hawaii, Honolulu, Kauai, and Maui were the places (in order of importance): Hawaii, Honolulu, Kauai, and Maui.

 

 

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Alabama was ranked 24th in terms of population and 24th in terms of foreclosure rate. There were 321 foreclosures out of 2,255,026 residences, resulting in a foreclosure rate of one out of every 7,025 homes. Escambia, Henry, Autauga, Russell, and Conecuh counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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In February, 1,588 foreclosures were recorded in Texas. The second most populous state, with 10,937,026 housing units, was ranked 23rd with a foreclosure rate of one in every 6,887 families. Real, Cochran, Atascosa, Mcculloch, and Wilson were the counties with the most foreclosures per dwelling unit (from highest to lowest).

 

 

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Missouri, the 18th most populous state, ranked 22nd for the greatest rate of foreclosures. There were 411 foreclosures out of 2,790,397 residences, resulting in a foreclosure rate of one out of every 6,789 homes. Shelby, Dekalb, Audrain, Clay, and Perry were the counties with the most foreclosures per housing unit (from highest to lowest).

 

 

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The 36th most populous state has the 21st highest foreclosure rate in the country. The state was ranked at the same position in January. There were 141 foreclosures out of 937,920 residences, resulting in a foreclosure rate of one out of every 6,652 homes. Sierra, Otero, Valencia, Eddy, and San Juan counties had the most foreclosures per housing unit (from highest to lowest).

 

 

 

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Pennsylvania, the sixth most populous state, had 876 housing units fall into foreclosure out of a total of 5,693,314 residences, resulting in a foreclosure rate of one in every 6,499 families. From top to lowest, the counties with the most foreclosures per housing unit were Philadelphia, Venango, Bucks, Delaware, and Schuylkill.

 

 

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Nebraska, which is ranked 37th in terms of population, came in 19th with a foreclosure rate of one in every 6,345 residences. The state has 132 foreclosure filings out of a total of 837,476 housing units. Hamilton, Garden, Clay, Webster, and Platte counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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The state with the ninth-highest population also has the 18th-highest foreclosure rate. 768 properties were foreclosed on out of 4,627,089 total. The foreclosure rate in North Carolina is now one in every 6,025 residences. Jones, Scotland, Gates, Tyrrell, and Onslow counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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The foreclosure rate in the 30th most populous state was one in every 5,920 residences, with 236 housing units out of 1,397,087 homes falling into foreclosure. Tama, Mills, Jasper, Obrien, and Van Buren counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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In February, Utah was ranked 16th in the US for the highest foreclosure rate. 184 residences in the Beehive State’s 1,087,112 housing units fell into foreclosure, putting the foreclosure rate one in every 5,908 families in the 31st most populous state. Juab, Tooele, Beaver, Carbon, and Cache counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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There were 516 foreclosures in Arizona, the 14th most populous state, out of 3,003,286 dwelling units. As a result, one out of every 5,820 houses is in foreclosure. Gila, Pinal, Cochise, Mohave, and Santa Cruz counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Georgia, the eighth most populous state, with the 14th highest foreclosure rate. 762 of the 4,283,477 houses in the city were foreclosed on. The foreclosure rate in the state was one in every 5,621 households. Crawford, Terrell, Elbert, Worth, and Pierce were the counties with the most foreclosures per dwelling unit (from highest to lowest).

 

 

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Maine was ranked 13th in the US for the highest foreclosure rate, while being the ninth least populated state. The state was ranked at the same position in January. The Pine Tree State witnessed 136 foreclosures out of a total of 742,788 housing units, resulting in a foreclosure rate of one in every 5,462 residences. Androscoggin, Washington, Aroostook, Penobscot, and Piscataquis counties had the most foreclosures per dwelling unit (from highest to lowest).

 

 

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Connecticut had a foreclosure rate of one in every 5,397 households, with 281 of its 1,516,629 residences entering into foreclosure. Windham, Tolland, Middlesex, New Haven, and Hartford were the counties with the most foreclosures per housing unit in the 29th most populous state (from top to lowest).

 

 

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With a foreclosure rate of one in every 5,363 residences, Michigan ranked 11th in terms of population. The state had 857 foreclosure filings out of a total of 4,596,198 housing units. Macomb, Genesee, Wayne, Kalkaska, and Shiawassee were the counties with the most foreclosures per housing unit (from highest to lowest).

 

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The most populous state has the tenth highest rate of foreclosures. 2,927 of California’s 14,175,976 housing units fell into foreclosure, resulting in a foreclosure rate of one in every 4,843 families. Alpine, Yuba, Trinity, Shasta, and Lake counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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The country’s third most populous state has a total of 9,448,159 housing units, with 2,833 of them under foreclosure. That equates to one in every 3,335 houses being foreclosed on. Baker, Osceola, Polk, Duval, and Suwannee counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Indiana, the 17th most populous state, came in eighth with a foreclosure rate of one in every 3,262 residences. In February, 885 properties out of 2,886,548 were foreclosed on. Sullivan, Lake, La Porte, Madison, and Vanderburgh counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Delaware, the country’s sixth-least-populated state, has the seventh-highest foreclosure rate. The state was ranked at the same position in January. Delaware saw 133 foreclosure filings, with one in every 3,257 residences falling into foreclosure and a total of 433,195 housing units. With just three counties in the state, Kent, New Castle, and Sussex had the most foreclosures per housing unit (in order of highest to lowest).

 

 

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Maryland was ranked sixth in the country for the highest foreclosure rate, while being the 19th most populous state. The state’s foreclosure rate was one in every 3,143 households, with a total of 2,448,422 housing units, of which 779 fell into foreclosure. Caroline, Prince George’s County, Dorchester, Washington, and Baltimore City had the most foreclosures per housing unit (from highest to lowest).

 

 

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Nevada, with a population of 34 million people, has the sixth highest foreclosure rate in the country. The state had 402 foreclosure filings, with one in every 3,112 residences falling into foreclosure and a total of 1,250,893 housing units. Clark, Lander, Mineral, Nye, and Washoe counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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South Carolina came in fourth place, with one out of every 3,001 houses in foreclosure. South Carolina, which is ranked 23rd in terms of population, has 2,286,826 housing units and 762 foreclosure files. Dorchester, Richland, Lexington, Kershaw, and Orangeburg were the counties with the most foreclosures per housing unit (from highest to lowest).

 

 

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In February, Ohio was ranked third, with a foreclosure rate of one in every 2,801 residences. The seventh most populous state, with a total of 5,202,304 dwelling units, had a total of 1,857 filings. Cuyahoga, Preble, Lake, Marion, and Trumbull counties had the most foreclosures per housing unit (from highest to lowest).

 

 

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Illinois stayed in the top three, finishing in second place for the second year in a row. 2,126 of the 5,360,315 residences in the state fell into foreclosure, making the foreclosure rate one in every 2,521. From top to lowest, the counties with the most foreclosures per dwelling unit were: Edgar, Livingston, Will, De Kalb, and Cook.

 

 

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For the second month in a row, New Jersey topped the list with a foreclosure rate of one in every 2,510 residences. There are 3,616,614 housing units in the 11th most populous state, with 1,441 of them under foreclosure. Salem, Ocean, Burlington, Warren, and Essex were the counties with the most foreclosures per housing unit (from highest to lowest).

 

 

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California had the most foreclosure filings (2,927) out of all 50 states, while South Dakota had the least (5). New Jersey, Illinois, and Ohio topped the list of states with the highest foreclosure rates, correspondingly.

 

Among the 10 states with the greatest foreclosure rates, the Great Lakes and Mideast regions matched for the biggest representation. Illinois, Ohio, and Indiana were the states in the Great Lakes area (from highest to lowest). New Jersey, Maryland, and Delaware were the states in the Mideast area (from highest to lowest).

 

The Plains and the West matched for the most residents among the 10 states with the lowest foreclosure rates. Kansas, North Dakota, and South Dakota were the states in the Plains with the greatest population (from highest to lowest). Washington, Oregon, and Alaska were the top-ranking states in the West (from highest to lowest).

 

This article originally appeared on SoFi.comand was syndicated by MediaFeed.org.

 

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The “are foreclosure rates rising” is a question that many people are asking. The answer to this question is yes, the new US homes come at a new record-high price.

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