Texas foreclosures increase counter to U.S. trend

​​​IRVINE, Calif. – Texas foreclosures were up 9 percent year over year in February 2019, counter to the national trend, according to ATTOM Data Solutions. 

Houston was one of the large metros that saw an increase in foreclosure starts, growing 73 percent over the year. 

Last month, there were 54,783 U.S. properties with foreclosure filings, down 3 percent over the month and down 11 percent over the year. This is the eighth consecutive​ annual decrease in foreclosure activity.

A total of 29,735 properties across the nation started the foreclosure process last month, up 1 percent from January 2019 but still down 9 percent from February 2018. 

Other states with foreclosure start increases are Florida (68 percent), Oregon (46 percent), Louisiana (34 percent), and Illinois (9 percent).

​Banks repossessed 11,392 U.S. properties in February 2019, down 7 percent from the previous month and down 12 percent from a year ago.