Foreclosure Rates Surge in October 2025
Update: 2025-11-20
Description
Foreclosure activity surges in October 2025, with Florida, Illinois, South Carolina, and Delaware leading the increase. Despite being below historic highs, the rise marks the eighth consecutive month of year-over-year increases. Tampa, Florida, has the highest foreclosure rate among U.S. cities, with affordability challenges and higher borrowing costs affecting various regions. This trend reflects ongoing financial strain for homeowners and impacts the housing market, with home sales near historically low levels and high mortgage rates.
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