Last year saw an all-time decrease in U.S. foreclosure activity, according to Irvine, Calif.-based ATTOM Data Solutions’ Year-End 2021 U.S. Foreclosure Market Report.

The report determined foreclosure filings – default notices, scheduled auctions and bank repossessions – on 151,153 properties in the country in 2021 indicated a 29% drop over 2020, as well as a 95% decline from a peak of nearly 2.9 million recorded more than a decade ago to the lowest level since tracking began in 2005, a recent release said.

"The COVID-19 foreclosure tsunami that some people had anticipated is clearly not happening," RealtyTrac executive vice president Rick Sharga said in the release. "Government and mortgage industry efforts have prevented millions of unnecessary foreclosures, and while it's likely that we'll see a slight increase in the first quarter, we probably won't see foreclosure activity back to normal levels before the end of 2022."

ATTOM also published its 2021 Year-End Foreclosure Activity Chart, which showed that there were 214,323 foreclosure filings in the U.S.

There was a 0.11% foreclosure rate last year, the chart revealed.

New data for December 2021 was included in the report.

The 17,971 properties foreclosed upon last month were an 8% slide from the previous month but up 65% from a year ago, the release said.