Americans looking to buy a house are currently facing an almost perfect storm of unfavorable conditions. Not only is it hard to find a home, but it is also increasingly hard to afford one.
Historically high home prices combined with mortgage rates that are surging back from their recent lows at breakneck speed are causing major headaches for would-be home buyers.
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The latest results from Gallup’s annual Economy and Personal Finance poll show that current conditions have really spoilt Americans’ appetite to buy houses.
This year’s survey, conducted April 1-19, shows that only 30 percent of U.S. adults think that now is a good time to buy a house, down more than 20 percentage points from 53 percent in 2021.
According to Gallup, that’s by far the lowest level of confidence since the question was first asked in 1978.
In fact, the share of people thinking it was a good time to buy a house had never dropped below 50 percent before, not even during or in the aftermath of the 2008 housing crisis.
This article originally appeared on Statista.com and was syndicated by MediaFeed.org.
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These are the states with the most home foreclosures
Despite the economic fallout and job loss from the pandemic, the number of US properties with foreclosure filings in April was 11,810, down 17% from April last year (when foreclosures dropped precipitously), according to ATTOM Data Solutions.
This is likely thanks to the COVID-19 foreclosure moratorium for federally guaranteed mortgages, which has been extended to June 30, 2021. (Note: President Joe Biden’s executive order also extended the mortgage payment forbearance enrollment window to June 30, 2021.)
April foreclosures were also down, albeit slightly, from March, specifically 0.005%. Read on for the top 30 states with foreclosures in April 2021—plus top counties within those states.
Two regions had seven of the top 10 states. The Midwest had three –Illinois, Indiana, and Ohio — while the South had four: Delaware, Florida, South Carolina, and Louisiana. The West Coast appears with California and the East Coast with New Jersey.
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Last but not least, Rhode Island saw 26 homes go into foreclosure in April. That nabbed the 8th least populated state as the 30th spot on our list. With 468,335 total housing units, the state’s foreclosure rate was 1 in every 18,013 households. The counties with the most foreclosures per housing unit were (in descending order): Kent, Bristol, Washington, Providence, and Newport.
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With 481 of a total 8,322,722 housing units in foreclosure, New York’s total number was also in the low triple digits. But with a foreclosure rate of 1 in every 17,303 households, the 4th most populated state holds 29th for foreclosures. The county with the most foreclosures per housing unit was New York County, which is also Manhattan, and the zip codes were (in descending order): 10027 (Morningside Heights), 10035 (East Harlem), 10036 (West Midtown), 10022 (East Midtown), and 10011 (Chelsea).
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Texas’s total number of foreclosures was only 645. But in a state with the 26th biggest population (and 10,937,026 housing units), that number put it in the 28th spot for foreclosures, making for a foreclosure rate of 1 in every 16,957 households. The counties with the most foreclosures per housing unit were (in descending order): Liberty, Crockett, Atascosa, Jones, and Hidalgo.
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The 40th most populated state was 27th for foreclosures. Of 542,674 homes, 33 went into foreclosure, making for a foreclosure rate of 1 in every 16,445 households. The counties with the most foreclosures per housing unit were (in descending order):Kauai, Hawaii, Maui, and Honolulu.
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Ranked the least populated, Wyoming came in as 26th for foreclosures. With 276,846 housing units and 17 homes in foreclosure, the state’s foreclosure rate was 1 in every 16,285 households. The counties with the most foreclosures per housing unit were (in descending order):Hot Springs, Sublette, Sweetwater, Campbell, and Fremont.
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In Arizona, the 14th most populated state, there were 195 foreclosures (out of 3,003,286 housing units.) That puts its foreclosure rate at 1 in every 15,401 homes. The counties with the most foreclosures per housing unit were (in descending order):Mohave, Cochise, Yuma, Yavapai, and Maricopa..
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The 15th most populated state ranks 24th for foreclosures. Of its 2,897,259 housing units, 211 went into foreclosure, making for a foreclosure rate of 1 in every 13,731 homes. The counties with the most foreclosures per housing unit were (in descending order): Franklin, Berkshire, Worcester, Plymouth, and Hampshire.
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With a total 1,983,949 housing units, Kentucky saw 146 homes go into foreclosure. That puts the foreclosure rate for the 26th most populated state at 1 in every 13,589 households. The counties with the most foreclosures per housing unit were (in descending order): Boyd, Campbell, Hardin, Greenup, and Powell.
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Though ranked as the 20th most populated state, Wisconsin’s total 205 foreclosures (out of 2,694,527 total housing units) puts it in 22nd place for most foreclosures. The state’s foreclosure rate is 1 in every 13,144 households. The counties with the most foreclosures per housing unit were (in descending order): Langlade, Richland, Pepin, Jackson, and Washburn.
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With housing units totaling 1,731,632, Oklahoma saw 132 homes go into foreclosure. As the 28th most populated, the state has a foreclosure rate of 1 in every 13,118 homes. The counties with the most foreclosures per housing unit were (in descending order): Woods, Nowata, Muskogee, Johnston, and Seminole.
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In the 20th spot for most foreclosures, Pennsylvania ranks as 5th for most populated–and has 5,693,314 homes. A total 435 went into foreclosure in April, making the state’s foreclosure rate 1 in every 13,088 households. The counties with the most foreclosures per housing unit were (in descending order): Luzerne, Delaware, Monroe, Chester, and Dauphin.
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The 9th most populated state drops one place (from March) to 19th this month. North Carolina has 4,627,089 homes, of which 385 went into foreclosure in April. That means its foreclosure rate was 1 in every 12,018 homes. The counties with the most foreclosures per housing unit were (in descending order): Jones, Hoke, Craven, Bertie, and Onslow.
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Alaska’s foreclosure rate is 1 in every 11,654 homes. That puts the 3rd least populated state –with a total of 314,670 housing units and 27 homes in foreclosure — in 18th place. The counties with the most foreclosures per housing unit were (in descending order): Kodiak Island, Anchorage, Kenai Peninsula, Fairbanks North Star, and Matanuska-Susitna.
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Ranked 24th for most populated, Alabama is 17th for foreclosures. Of its 2,255,026 homes, 194 went into foreclosure, making for a foreclosure rate of 1 in every 11,624 homes. The counties with the most foreclosures per housing unit were (in descending order): Macon, Dale, Jefferson, Covington, and Crenshaw.
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With 131 of its 1,516,629 homes going into foreclosure, Connecticut’s foreclosure rate is 1 in every 11,577 households. In the 29th most populated state, the counties with the most foreclosures per housing unit were (in descending order): Windham, Litchfield, Tolland, New Haven, and New London.
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The 8th most populated state, Georgia is 15th for most foreclosures. Of its 4,283,477 homes, 386 were foreclosed on. That puts the state’s foreclosure rate at 1 in every 11,097 households. The counties with the most foreclosures per housing unit were (in descending order): Polk, Mcduffie, Rockdale, Talbot, and Cook.
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Of Utah’s 1,087,112 housing units, 99 homes went into foreclosure in April. The 31st most populated state’s foreclosure rate is 1 in every 10,981 households. The counties with the most foreclosures per housing unit were (in descending order): Emery, Duchesne, Wasatch, Tooele, and Salt Lake.
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The 30th most populated state has 1,397,087 homes, of which 134 homes went into foreclosure. That makes the state’s foreclosure rate 1 in every 10,426 homes. The counties with the most foreclosures per housing unit were (in descending order): Adams, Wayne, Mills, Montgomery, and Pottawattamie.
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The 36th most populated state is 12th for foreclosures. Of its 937,920 homes, 91 went into foreclosure, making for a foreclosure rate of 1 in every 10,307 homes. The counties with the most foreclosures per housing unit were (in descending order): Hidalgo, Valencia, Chaves, Cibola, and Sandoval.
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Ranked as 9th least populated state, Maine saw a total 78 foreclosures in April. With a total 742,788 housing units, the state had a foreclosure rate of 1 in every 9,523 homes. The counties with the most foreclosures per housing unit were (in descending order): Washinton, Somerset, Penobscot, Androscoggin, and Oxford.
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Ranked 1st for most populated state, California is 10th for most foreclosures. It has 14,175,976 housing units, of which 1,540 went into foreclosure—making the state’s foreclosure rate 1 in every 9,205 households. The counties with the most foreclosures per housing unit were (in descending order): Plumas, Trinity, Humboldt, Shasta, and San Bernardino.
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The 17th largest state by population, Indiana ranks 9th for foreclosures with 1 in every 7,616 homes. Of its 2,886,548 homes, 379 homes were foreclosed on. The counties with the most foreclosures per housing unit were (in descending order): Newton, Blackford, White, Starke, and Delaware.
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With 1 in every 7,425 homes going into foreclosure, South Carolina is in eighth place. Ranked 23rd for population,South Carolina has 2,286,826 housing units and saw 308 foreclosure filings. The counties with the most foreclosures per housing unit were (in descending order): Bamberg, Edgefield, Dorchester, Marion, and Lee.
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Ranked 25th for population, Louisiana had 286 homes out of a total 2,059,918 go into foreclosure. That meant 1 in every 7,203 households went into foreclosure. The counties with the most foreclosures per housing unit were (in descending order): Webster, De Soto, Saint Tammany, Tangipahoa, and Saint Charles.
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Ranked the 7th most populated, Ohio was 6th with a foreclosure rate of 1 in every 7,195 homes. With a total 5,202,304 housing units in the state, the state had a total of 723 filings. The counties with the most foreclosures per housing unit were (in descending order): Marion, Seneca, Jackson, Cuyahoga, and Defiance.
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With the 11th largest population in the country, New Jersey is not very far behind Florida with a foreclosure rate of 1 in every 6,390 homes.. Of its total 3,616,614 housing units, 566 went into foreclosure. The counties with the most foreclosures per housing unit were (in descending order): Atlantic, Salem, Ocean, Gloucester, and Morris.
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With the 3rd largest population in the country, Florida’s foreclosure rate of 1 in every 6,375 homes puts it in the number four spot. Of its total 9,448,159 housing units, 1,482 went into foreclosure. The counties with the most foreclosures per housing unit were (in descending order): Union, Suwannee, Baker, Putnam, and Holmes.
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The 6th most populated state, Illinois was third for most foreclosures. Of its 5,360,315 homes, 910 went into foreclosure–making the state’s foreclosure rate 1 in every 5,890. The counties with the most foreclosures per housing unit were (in descending order): Massac, Moultrie, Saline, Whiteside, and Livingston.
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Ranking 34th for population, Nevada is a close second with a foreclosure rate of 1 in every 5,738 homes. With a total 1,250,893 housing units, the state had 218 foreclosure filings in April. The counties with the most foreclosures per housing unit were (in descending order): Pershing, Nye, Lyon, Carson City, and Elko.
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Though the 6th least populated state in the country, Delaware ranks No. 1 for foreclosures with a foreclosure rate of 1 in every 5,700 homes in April. With a total 433,195 housing units, , the state saw a total 76 foreclosure filings (default notices, scheduled auctions, and bank repossessions). The counties with the most foreclosures per housing unit were (in descending order): Kent, New Castle, Sussex.
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The Midwest has the smallest presence on our list with just four states. Of the top 30 states, California had the most number of foreclosures (1,540) and Wyoming had the least (17).
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