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Updated 4 days ago on . Most recent reply

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Ken M.#3 Market Trends & Data Contributor
  • Investor
  • San Antonio, Dallas
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35,000 US Properties Foreclosed In March - Did You See That Coming? I Did, Here's Why

Ken M.#3 Market Trends & Data Contributor
  • Investor
  • San Antonio, Dallas
Posted

First, properties always go up in price, right? Heh, heh, heh

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"The number of properties foreclosed in March as well as the first quarter of this year registered an increase amid elevated interest rates, according to real estate data company ATTOM."


This continues the month-over-month rising trend seen in February and January. For the first quarter of 2025, there were a total of 93,953 filings, up 11 percent from the fourth quarter of 2024.

Following three consecutive quarters of decline, foreclosure activity ticked up in the first quarter of 2025,” ATTOM CEO Rob Barber said, adding that there was “notable growth” in both foreclosure starts and completions.

The hurricanes affected parts of Florida, North Carolina, South Carolina, Tennessee, Georgia, and Virginia.

Fires in California

Meanwhile, the Department of Housing and Urban Development announced this past week that it was extending foreclosure relief to more than a million borrowers of Federal Housing Administration (FHA) loans recovering from the impacts of Hurricanes Milton and Helene.

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It starts small, and that sound you hear is the can being kicked down the road, eventually It's like the coyote and road runner,   "oops gravity works". Watch the foreclosure starts.

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

The foreclosure rate is certainly up from last quarter. And we can see from this chart even last quarter was up from the previous couple quarters to that.

But we do need some context for what this means exactly, and comparing this to the last decade is cetainly helpful.

Now I hardly think anyone would say 2015 was a bad economy. Yet the foreclosure rate then was 1,300% higher than it is today even after these most recent "dramatic increases." And guess what, foreclosure rates are going to continue to rise, and yet even if they double or triple....they will still be at historic lows.  

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