Foreclosure filings for May reached 40,335, up 14% from the same time a year ago, according to Attom’s monthly foreclosure market report.

May’s foreclosure activity — which includes default notices, scheduled auctions and bank repossessions — was down 5% from April. But Attom found that, in general, foreclosures appear to be on the rise.

“While foreclosure activity eased from April levels, the broader trend remains one of gradual year-over-year growth,” Attom CEO Rob Barber said in a press release, noting that escalating foreclosure starts and completions reflect “ongoing pressure on some homeowners as elevated mortgage rates, rising ownership costs and affordability constraints persist.”

“At the same time,” Barber added, “foreclosure volumes remain well below historical norms, indicating that the housing market continues to show resilience despite these challenges.”

Lenders initiated the foreclosure process on 27,304 U.S. properties in May, down 4% from the previous month, but up 13% from May 2025. They repossessed 4,092 properties, down 20% from April, but up 6% from a year ago.

Attom found that Florida had the country’s highest foreclosure rate in May, with 1 in every 2,110 housing units having some form of foreclosure filing. South Carolina was second, with 1 in 2,287 units facing foreclosure. Rounding out the top five were Maryland (1 in 2,369 units), Nevada (1 in 2,386) and Indiana (1 in 2,516).

Cleveland recorded the worst foreclosure rate for metropolitan areas with a population of 2 million or more. The city had one filing for every 1,524 housing units. Second was Baltimore (1 in 1,804), followed by Tampa, Fla. (1 in 1,878); Riverside, Calif. (1 in 1,980); and Orlando, Fla. (1 in 2,034).