While foreclosure activity is on the rise nationwide and in parts of New England, New Hampshire is seeing foreclosure activity decline.
According to data from The Warren Group, the publisher of The Registry Review, the state has only seen 206 foreclosure auction notices to date in the first four months of this year, down from 259 through April 30, 2024 and less than half the 596 filed in the first four months of 2019.
That compares broadly to trends in in Massachusetts, where there were 554 foreclosure petitions filed in April. This represents a 10.2 percent decrease year-over-year. Unlike in New Hampshire, mortgage lenders in Massachusetts need judicial permission to foreclose on a property.
Both states’ homeowners sit on huge amounts of equity, reports from real estate data firms say.
Nationwide in April, the U.S. housing market saw a continued annual increase in foreclosure activity with 36,033 properties filing for foreclosure, up 13.9 percent higher than a year ago, according to real estate data firm Attom. Additionally, foreclosure starts jumped 16.1 percent year-over-year.
“April’s foreclosure activity continued its gradual climb, with both starts and completions up annually,” Attom CEO Rob Barber said in a statement. “While volumes remain below historical norms, the year-over-year increases may suggest that some homeowners are beginning to feel the effects of persistent economic pressures.”