"Adjustments"?-----Commercial foreclosures increase 97% from last year to near decade-high | Just The News

Commercial foreclosures increase 97% from last year to near decade-high | Just The News

"The last time that commercial foreclosures were this high was in May 2015, per agency data.
Commercial real estate foreclosures in the U.S. increased 97% in January 2024 compared to last year...
"This uptick signifies not just a return to pre-pandemic activity levels but also underscores the ongoing adjustments within the commercial real estate sector...

• Commercial properties are not the only ones affected by foreclosures. In January 2024, 33,270 U.S. properties, including residential homes, had foreclosure filings, which is up 10% from December and 5% from the same time the previous year, per another ATTOM report...
• Michigan saw the greatest increase in foreclosures from December 2023 to January 2025 with a rise of 200%, per data.