Foreclosures Rise, Potentially Boosting Home Inventory
Update: 2025-12-12
Description
Foreclosure activity surges, potentially easing housing market strain. ATTOM reports a 21% increase in November, with one in every four thousand homes facing a foreclosure filing. This rise signals financial struggles for households, impacting credit, affordability, and economic strength. While rising foreclosures may add inventory, their overall impact is limited, with boosts likely local and concentrated in areas with faster foreclosure rates. States like Delaware, South Carolina, Nevada, New Jersey, and Florida, along with cities like Philadelphia, Las Vegas, Cleveland, Orlando, and Tampa, saw elevated activity. The time for foreclosed homes to hit the market varies by state, ranging from a few months to over a year.
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