Housing Costs Push Foreclosures to a Six-Year High
Nearly 119,000 properties had foreclosure filings as rising housing costs and job losses pushed delinquency rates higher, ATTOM said.
- Nearly 119,000 U.S. properties recorded a foreclosure filing in the first quarter of 2026, marking a 26% increase from the same period last year, according to housing data firm ATTOM.
- Inflation has driven costs past the Federal Reserve's 2-percent target for over five years, while rising insurance premiums, property taxes, and interest rates squeeze household budgets across America.
- Indiana recorded the highest foreclosure rate at one in every 1,597 homes, followed by South Carolina and Florida, which together account for three of the nation's most affected housing markets.
- ATTOM CEO Rob Barber noted the twelfth consecutive month of annual increases in February, while Donna Schmidt of DLS Servicing warned five years of deferred foreclosures could trigger a rush in coming years.
- President Donald Trump proposed a 50-year mortgage and a ban on Wall Street investors purchasing single-family homes to address affordability, though analysts expressed skepticism about the long-term effectiveness of both measures.
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Black America Web
Get Up! Mornings With Erica CampbellWhy Are Foreclosures Rising? And Who’s Being Hit The Hardest?
Source: Muhammad Labib Adilah / Getty Why are foreclosures rising across the U.S.? Concerns about housing affordability are weighing heavily on many Americans, as aspiring homeowners try to break into the market while many existing homeowners struggle to hold on to their properties. Why are foreclosures rising? Here’s a closer look at the data. A new report from property data provider ATTOM shows that foreclosure activity is on the rise. Nearly …
Fox Business
The New York LedgerForeclosures hit highest level in 6 years as insurance, property tax costs squeeze homeowners
Foreclosures rose to the highest level in six years in the first quarter of this year as homeowners are squeezed by rising costs related to insurance and property tax bills.The Wall Street Journal reported that data from Attom shows the number of U.S. properties with a foreclosure filing has trended up to nearly 119,000 in the first quarter, an increase of 26% from the same period last year.That figure is the highest since the first quarter of 2…
Why Are Foreclosures Rising? And Who's Being Hit The Hardest?
Source: Muhammad Labib Adilah / Getty Why are foreclosures rising across the U.S.? Concerns about housing affordability are weighing heavily on many Americans, as aspiring homeowners try to break into the market while many existing homeowners struggle to hold on to their properties. Why are foreclosures rising? Here’s a closer look at the data. A new report from property data provider ATTOM shows that foreclosure activity is on the rise. Nearly …
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