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FORECLOSURE ACTIVITY IN FIRST HALF OF 2024 DOWN FROM PREVIOUS YEAR

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U.S. Foreclosure Starts Decrease 3.5 Percent in First Six Months of 2024; Average Days to Complete a Foreclosure Up Second Quarter in a Row; June and Q2 2024 Foreclosure Activity Post Annual Declines

IRVINE, Calif., July 11, 2024 /PRNewswire/ — ATTOM, a leading curator of land, property and real estate data, today released its Midyear 2024 U.S. Foreclosure Market Report, which shows there were a total of 177,431 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2024. That figure is down 4.4 percent from the same time period a year ago but up 7.8 percent from the same time period two years ago.

Historical First Half US Foreclosure Activity Chart

“In contrast to the first half of 2023, foreclosure activity across the United States experienced a decline in the first half of 2024,” stated Rob Barber, CEO for ATTOM. “In addition, U.S. foreclosure starts also decreased by 3 percent in the first six months of 2024. These shifts could suggest a potential stabilization in the housing market; however, monitoring these evolving patterns remains crucial to understanding the full impact on the real estate sector.”

States that saw the greatest increases in foreclosure activity compared to a year ago in the first half of 2024 included South Dakota (up 93 percent); North Dakota (up 86 percent); Kentucky (up 73 percent); Massachusetts (up 46 percent); and Idaho (up 30 percent).

New Jersey, Illinois, and Florida post highest state foreclosure rates
Nationwide, 0.13 percent of all housing units (one in every 794) had a foreclosure filing in the first half of 2024.

States with the highest foreclosure rates in the first half of 2024 were New Jersey (0.21 percent of housing units with a foreclosure filing); Illinois (0.21 percent); Florida (0.20 percent); Nevada (0.19 percent); and South Carolina (0.19 percent).

Other states with first-half foreclosure rates among the 10 highest nationwide were Maryland (0.19 percent); Connecticut (0.19 percent); Delaware (0.18 percent); Ohio (0.18 percent); and Indiana (0.16 percent).

Highest metro foreclosure rates in Lakeland, Columbia, and Atlantic City
Among the 224 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in the first half of 2024 were Lakeland, Florida (0.32 percent of housing units with foreclosure filings); Columbia, South Carolina (0.31 percent); Atlantic City, New Jersey (0.28 percent); Cleveland, Ohio (0.27 percent); and Spartanburg, South Carolina (0.27 percent).

Other major metro areas with foreclosure rates ranking among the top 10 highest in the first half of 2024 were Jacksonville, Florida (0.25 percent of housing units with a foreclosure filing); Bakersfield, California (0.25 percent); Elkhart, Indiana (0.24 percent); Orlando, Florida (0.24 percent); and Chicago, Illinois (0.24 percent).

Foreclosure starts down 3.5 percent from last year
A total of 130,369 U.S. properties started the foreclosure process in the first six months of 2024, down 3.5 percent from the first half of last year and down 32 percent from the first half of 2020.

States that saw the greatest number of foreclosures starts in the first half of 2024 included Texas (15,375 foreclosure starts); Florida (15,251 foreclosure starts); California (14,964 foreclosure starts); New York (7,523 foreclosure starts); and Illinois (7,240 foreclosure starts).

Bank repossessions decline in first half of 2024 from last year
Lenders foreclosed (REO) on a total of 18,726 U.S. properties in the first six months of 2024, down 17 percent from the first half of 2023 and down 10 percent from the first half of 2022, but up 92 percent from the first half of 2021.

States that posted the greatest number of REOs in the first half of 2024 included California (1,575 REOs); Pennsylvania (1,568 REOs); Illinois (1,540 REOs); Michigan (1,432 REOs); and Texas (1,197 REOs).

Q2 2024 foreclosure activity below pre-recession averages in 79 percent of major markets
There were a total of 89,466 U.S. properties with a foreclosure filings during the second quarter of 2024, down 6 percent from the previous quarter and down 8 percent from a year ago.

The national foreclosure activity total in Q2 2024 was 68 percent below the pre-recession average of 278,912 per quarter from Q1 2006 to Q3 2007.

Second quarter foreclosure activity was below pre-recession averages in 177 out 224 (79 percent) metropolitan statistical areas with a population of at least 200,000 and sufficient historical foreclosure data, including New York, Los Angeles, Chicago, Dallas, Houston, Miami, Atlanta, San Francisco, RiversideSan Bernardino, Phoenix, and Detroit.

Metro areas with second quarter foreclosure activity above pre-recession averages included Honolulu, HI; Richmond, VA; Baltimore, MD; Virginia-Beach, VA; Albany, New York; and Montgomery, AL.

Average time to foreclose increases for second quarter in a row
Properties foreclosed in Q2 2024 had been in the foreclosure process an average of 815 days. That figure was up 11 percent from the previous quarter and down 33 percent from Q2 2023.

Average Days to Complete Foreclosure

States with the longest average foreclosure timelines for homes foreclosed in Q2 2024 were Louisiana (3,686 days); Hawaii (2,597 days); New York (2,034 days); Georgia (1,929 days); and Nevada (1,852 days).

States with the shortest average foreclosure timelines for homes foreclosed in Q2 2024 were New Hampshire (82 days); Texas (147 days); Minnesota (151 days); Oregon (206 days); and Montana (212 days).

June 2024 Foreclosure Activity High-Level Takeaways

Nationwide in June 2024, one in every 5,071 properties had a foreclosure filing.States with the highest foreclosure rates in June 2024 were Illinois (one in every 3,041 housing units with a foreclosure filing); New Jersey (one in every 3,042 housing units); Florida (one in every 3,202 housing units); South Carolina (one in every 3,346 housing units); and Maryland (one in every 3,486 housing units).18,574 U.S. properties started the foreclosure process in June 2024, down 17 percent from the previous month and down 22.7 percent from June 2023.Lenders completed the foreclosure process on 2,891 U.S. properties in June 2024, up .4 percent from the previous month and down 10 percent from June 2023.

U.S. Foreclosure Market Data by State – Jan to Jun 2024

Rate
Rank

State Name

Total Properties w/
FC Filings

% Housing
Units

1/Every X
HU

%∆ from
Jan-June 23

%∆ from
Jan-June 22

U.S. Total

177,431

0.13

794

-4.39

7.81

19

Alabama

2,565

0.11

895

14.56

3.64

36

Alaska

207

0.07

1,534

-33.65

29.38

23

Arizona

3,052

0.10

1,015

-0.84

-4.83

26

Arkansas

1,130

0.08

1,214

-17.46

41.96

13

California

19,013

0.13

759

6.13

16.36

34

Colorado

1,784

0.07

1,401

-18.13

-23.17

7

Connecticut

2,860

0.19

535

17.36

44.52

8

Delaware

826

0.18

547

-17.73

-8.53

District of
Columbia

659

0.19

532

32.86

565.66

3

Florida

20,090

0.20

494

8.42

13.99

15

Georgia

5,289

0.12

837

-16.15

-7.71

33

Hawaii

408

0.07

1,375

-21.08

4.08

30

Idaho

596

0.08

1,273

29.57

96.05

2

Illinois

11,336

0.21

479

-16.76

-19.52

10

Indiana

4,778

0.16

614

-9.06

-0.91

18

Iowa

1,611

0.11

880

-13.39

2.55

47

Kansas

485

0.04

2,636

-19.57

6.83

27

Kentucky

1,644

0.08

1,216

72.51

100.49

20

Louisiana

2,224

0.11

935

1.23

18.74

28

Maine

600

0.08

1,236

8.11

-14.77

6

Maryland

4,762

0.19

532

-18.71

62.30

17

Massachusetts

3,411

0.11

879

45.64

74.56

16

Michigan

5,210

0.11

879

-26.50

-11.89

25

Minnesota

2,153

0.09

1,158

-7.56

1.27

39

Mississippi

811

0.06

1,634

-22.84

-14.18

38

Missouri

1,730

0.06

1,616

-19.08

-33.36

48

Montana

141

0.03

3,670

-30.54

-27.32

43

Nebraska

446

0.05

1,901

-30.64

-23.76

4

Nevada

2,495

0.19

516

3.87

10.45

35

New Hampshire

424

0.07

1,510

-6.19

5.74

1

New Jersey

8,076

0.21

465

-11.19

-12.00

29

New Mexico

741

0.08

1,273

-33.42

-3.52

12

New York

11,312

0.13

751

-7.23

47.43

24

North Carolina

4,530

0.10

1,046

-20.87

-7.87

45

North Dakota

192

0.05

1,939

86.41

131.33

9

Ohio

9,236

0.18

569

-12.42

-16.25

22

Oklahoma

1,734

0.10

1,010

-23.71

-18.21

41

Oregon

1,002

0.06

1,815

-22.80

53.68

14

Pennsylvania

7,141

0.12

806

0.92

29.11

44

Rhode Island

253

0.05

1,909

-29.92

-18.39

5

South Carolina

4,568

0.19

517

1.26

0.00

50

South Dakota

85

0.02

4,625

93.18

97.67

31

Tennessee

2,329

0.08

1,310

-7.62

17.39

11

Texas

15,610

0.13

747

12.55

35.42

21

Utah

1,214

0.10

958

16.17

18.79

49

Vermont

89

0.03

3,766

25.35

102.27

32

Virginia

2,747

0.08

1,320

-18.99

-7.97

42

Washington

1,761

0.05

1,826

13.54

32.01

46

West Virginia

353

0.04

2,434

-18.10

49.58

40

Wisconsin

1,543

0.06

1,772

-11.07

-14.99

37

Wyoming

175

0.06

1,562

-26.78

-10.26

Report methodology
The ATTOM U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the month and quarter. Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter. Data is collected from more than 3,000 counties nationwide, and those counties account for more than 99 percent of the U.S. population. ATTOM’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). For the annual, midyear and quarterly reports, if more than one type of foreclosure document is received for a property during the timeframe, only the most recent filing is counted in the report. The annual, midyear, quarterly and monthly reports all check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current year, quarter or month.

About ATTOM
ATTOM provides premium property data to power products that improve transparency, innovation, efficiency, and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include ATTOM Cloudbulk file licensesproperty data APIsreal estate market trendsproperty navigator and more. Also, introducing our newest innovative solution, making property data more readily accessible and optimized for AI applications– AI-Ready Solutions

Media Contact:
Megan Hunt
megan.hunt@attomdata.com 

Data and Report Licensing:
datareports@attomdata.com

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SOURCE ATTOM

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Applied Medical Launches Two Innovative Suture Passing Instruments: RHAPSO™ and GEMINI®

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BRECKSVILLE, Ohio, May 7, 2025 /PRNewswire/ — Applied Medical Technology, Inc. proudly announces the launch of two cutting-edge suture passing solutions engineered for precision, efficiency, and adaptability in minimally invasive procedures: RHAPSO™ and GEMINI®.

RHAPSO™ – Versatile Suture Passing Instrument

Designed for surgeons seeking refined control and ease in suturing, RHAPSO™ is a 17-gauge fine needle suture passer that delivers exceptional performance in confined surgical spaces. Featuring a wide opening for enhanced suture capture, RHAPSO™ streamlines suturing through its spring-assisted, atraumatic grasper arms.

Key Benefits:

Available with curved or straight echogenic needle options

Luer access for fluid and radiographic media management

Ergonomic design for intuitive, precise handling

Ideal for minimally invasive and complex tissue approximation

GEMINI® – Suture Passer with Magnet Technology

Introducing the next evolution in suture management, GEMINI® incorporates self-aligning magnet technology to simplify intracorporeal suture retrieval. Designed to minimize tissue trauma, GEMINI® includes magnetic suture loops and a magnetized grasper arm for seamless, reliable connection.

Key Benefits:

Smallest gauge suture passer in its class (17-gauge needle)

Straight and curved needle kits available

Built-in luer access and suture exchange loop feature

Enhanced wound healing potential via low-trauma design

“With RHAPSO™ and GEMINI®, we’re equipping surgeons with tools that simplify complex tasks and support better patient outcomes,” said Joe Harr, Surgical Sales Manager at Applied Medical Technology, Inc. “These devices reflect our commitment to advancing surgical precision and procedural confidence.”

For ordering information, visit www.AppliedMedical.net or contact Customer Service at 800-869-7382.

About AMT: Applied Medical Technology, Inc. (AMT) is a global leader in enteral and surgical devices committed to improving lives through innovation. For 40 years, AMT has bridged the gap between medical technology and patient needs, collaborating with healthcare professionals and users to develop high-quality, life-enhancing solutions. Our holistic approach prioritizes the well-being of the whole person, not just the device they use.

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SOURCE Applied Medical Technology, Inc.

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Only 0.001% of the Deep Seafloor Visually Observed in Seventy Years, Revealing Gaps and Bias in Ocean Exploration

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SAUNDERSTOWN, R.I., May 7, 2025 /PRNewswire/ — In a groundbreaking study published today in Science Advances, researchers from Ocean Discovery League reveal that only a minuscule fraction of the deep seafloor has been imaged. Despite covering 66% of Earth’s surface, the deep ocean remains largely unexplored. The study, “How Little We’ve Seen: A Visual Coverage Estimate of the Deep Seafloor,” is the first to document that, in decades of deep-sea exploration, humans have observed less than 0.001% of the deep seafloor. This total area is roughly the size of Rhode Island or one-tenth the size of Belgium.

In a groundbreaking study, researchers reveal that only a minuscule fraction of the deep seafloor has been imaged.

The deep ocean, defined as being deeper than 200 meters, sustains diverse ecosystems and provides essential services, including oxygen production, climate regulation, and crucial pharmaceutical discoveries, and plays a critical role in maintaining the health of our planet. Yet, despite its importance, research into this immense ecosystem is severely limited, with visual surveys primarily focused on just a few regions and countries. Visual imaging is one of the most critical methods to study the deep seafloor and is one of the three key pillars of ocean exploration, alongside mapping and sampling.

“As we face accelerated threats to the deep ocean—from climate change to potential mining and resource exploitation—this limited exploration of such a vast region becomes a critical problem for both science and policy,” said Dr. Katy Croff Bell, President of Ocean Discovery League, National Geographic Explorer, and lead author of the study. “We need a much better understanding of the deep ocean’s ecosystems and processes to make informed decisions about resource management and conservation.”

Using data from approximately 44,000 deep-sea dives with observations conducted since 1958, across the waters of 120 different countries, the study is the most comprehensive global estimate of deep-sea benthic observations to date and highlights the disparity in global exploration efforts. Given that not all dive records are public, the researchers assert that even if these estimates are off by a full order of magnitude, less than one-hundredth of 1% of the seafloor would have any visual records.

Remarkably, a majority of the visual observations have occurred within 200 nautical miles of just three countries: the United States, Japan, and New Zealand. Due to the high cost of ocean exploration, a mere handful of nations dominate deep-sea exploration, with five countries— the United States, Japan, New Zealand, France, and Germany—responsible for 97% of all deep-sea submergence observations. This bias in geographic coverage and operator representation has led the oceanographic community to base much of its characterization of the deep ocean ecosystem on this incredibly small and unrepresentative sample.

These findings underscore the urgent need for a more comprehensive and global effort to explore the deep ocean, ensuring that scientific research and conservation efforts accurately reflect the true extent of the seafloor. As noted in the study, if the scientific community were to make all assumptions about terrestrial ecosystems from observations of only 0.001% of that total area, they would be basing their assessments of all land-based life on Earth on an area roughly the size of Houston, Texas.

“There is so much of our ocean that remains a mystery,” says Dr. Ian Miller, Chief Science and Innovation Officer at the National Geographic Society, which contributed funding for this work. “Deep-sea exploration led by scientists and local communities is crucial to better understanding the planet’s largest ecosystem. Dr. Bell’s goals to equip global coastal communities with cutting-edge research and technology will ensure a more representative analysis of the deep sea. If we have a better understanding of our ocean, we are better able to conserve and protect it.”

To address these challenges, the researchers call for expanding exploration efforts and utilizing advancements in smaller, more affordable deep-sea tools to increase access to the deep ocean.

Funding for this study was provided in part by the National Geographic Society and Rolex Perpetual Planet Expeditions program, Lyda Hill Philanthropies, and the Cabot Family Charitable Trust.

Link: https://www.science.org/doi/10.1126/sciadv.adp8602

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SOURCE Ocean Discovery League

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Proactive Data Storage Management: Open-E’s New Check-Up Service is Here

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Open-E Introduces Check-Up Service: Proactive Health Check for Data Storage Systems

ATLANTA, May 7, 2025 /PRNewswire/ — Open-E, a leading developer of innovative data storage software, today announced the launch of Open-E Check-Up, a professional service designed to evaluate and optimize the health of Open-E JovianDSS-powered data storage systems. This service provides businesses with a comprehensive assessment of their data storage infrastructure, identifying potential issues and ensuring peak performance and reliability.

“The efficient and secure operation of data storage systems is crucial. Open-E Check-Up Service offers a proactive approach to system maintenance, helping organizations avoid costly downtime and data loss, and being proactive, instead of reactive. The service includes a detailed evaluation process, starting with a consultation to understand specific needs. Secure data collection and analysis are then performed using log files and a dedicated spreadsheet, ensuring no direct external access to the system,” said Krzysztof Franek, CEO of Open-E. 

The Open-E Check-Up service delivers:

Detailed System Documentation: A comprehensive overview of the current storage environment.Issue Identification and Risk Assessment: A clear summary of any identified problems, along with an evaluation of the associated risks.Tailored Optimization Recommendations: Specific, actionable steps to improve system stability, efficiency, and security.Personal Consultation: An expert-led discussion of the findings and recommendations.

“Open-E Check-Up is more than just a health check; it’s a strategy for data storage excellence,” said Krzysztof Franek. “By identifying and addressing potential issues before they escalate, we empower businesses to maintain optimal performance, minimize risks, and focus on their core objectives.”

The Open-E Check-Up Service is ideal for businesses of all sizes seeking to ensure the reliability and efficiency of their data storage systems. The service is available immediately. For more information, please visit the Open-E Check-Up Service page: https://www.open-e.com/r/gb62/ or register to join the Open-E’s webinar on May 14th: https://www.open-e.com/r/rny4/

About Open-E

Open-E is the developer of the award-winning Open-E JovianDSS, a flagship software-defined storage platform renowned for its reliability, flexibility, and high performance. With over 40,000 implementations worldwide, Open-E has established itself as a trusted leader in the data storage industry. The company has garnered significant recognition for its innovative solutions, consistently meeting the demanding storage needs of businesses across various sectors. Open-E remains committed to delivering cutting-edge technology and exceptional support to its global customer base.

Press Contact

Paweł Brzeżek
Open-E, Inc.
+49 (89) 800-777-18
pawel.brzezek@open-e.com 

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