Nationwide foreclosure activity experienced a slight decline in April, with foreclosure starts declining 7% compared to the previous month, according to a new report.

But completed foreclosures rose 8% from March, suggesting that while fewer new cases began, the resolution of existing cases sped up, according to real estate data provider ATTOM's April 2024 U.S. Foreclosure Market Report. The mixed trend highlights ongoing fluctuations in the housing market's stability.

The total number of U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — was 31,649 in April, down 4% from a month ago and 4% from a year ago, according to the report.

"April's foreclosure numbers highlight a mixed landscape in the U.S. housing market," ATTOM CEO Rob Barber said. "While there is a general downtrend in foreclosure starts and filings, we have also seen an increase in completed foreclosures. This mixed activity underscores the importance of closely monitoring these developments to understand the ongoing dynamics in the real estate market."

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