Home foreclosures are rising across the country as Americans continue to grapple with soaring interest rates and high living costs. 

Last month, there were 32,938 properties with foreclosure filings across the US, according to fresh figures from real estate data provider ATTOM. 

Foreclosure occurs when an owner can no longer make their monthly mortgage payments and has to forfeit the rights to their property as a result. Foreclosure filings include default notices, scheduled auctions and bank repossessions.

The February data signals an 8 percent increase in filings from the year before, but a slight 1 percent dip from January, when foreclosures jumped a huge 10 percent from the month prior.

The figures lay bare a housing affordability crisis in the US, with some states faring much worse than others. 

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