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re: Home Foreclosures on the Rise

Posted on 10/6/26 at 7:12 pm to
Posted by stout
Porte du Lafitte
Member since Sep 2006
185558 posts
Posted on 10/6/26 at 7:12 pm to
quote:

"While some homeowners are still facing financial challenges, overall foreclosure volumes remain well below historical norms and the broader housing market continues to demonstrate resilience."



ATTOM is very good but this statement is sort of laughable when you realize that they only started tracking foreclosure data the way they do in 2005 so his historical norms are 21 years worth of data

The other big one, Cotality formerly named CoreLogic, started in 1997 so 29 years of data

Data prior to that is largely estimates
This post was edited on 10/6/26 at 9:16 pm
Posted by Powerman
Member since Jan 2004
176243 posts
Posted on 10/6/26 at 7:15 pm to
quote:


ATTOM is very good but this statement is sort of laughable when you realize that they only started tracking foreclosure data the way they do in 2005 so his historical norms are 21 years worth of data

With the 08 crisis within that small sample it makes the statement even more meaningless

Good observation
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
14737 posts
Posted on 10/6/26 at 7:21 pm to
quote:

They get the houses/land.


Sure, but in most cases it doesn’t satisfy the debt. Especially after expenses.
Posted by 3down10
Member since Sep 2014
41307 posts
Posted on 10/6/26 at 7:26 pm to
quote:


Sure, but in most cases it doesn’t satisfy the debt. Especially after expenses.


I'm sure they'd rather get the money, but it's not extremely high risk when you consider that plus the people that do pay etc.
Posted by LemmyLives
Texas
Member since Mar 2019
17986 posts
Posted on 10/6/26 at 7:32 pm to
quote:

August 2026 included: Houston, TX (448 REOs); Dallas, TX (402 REOs); San Antonio, TX (256 REOs); Phoenix, AZ (186 REOs); and Baltimore, MD (167 REOs).

That's still not all that many. Guy across the street from me was foreclosed on/evicted in September (he moved all of his stuff out prior to the Sheriff showing up.) But, he was Chinese. I'm still waiting for the H1B driven foreclosures to kick off in the rest of Fort Bend county.
Posted by CastleBravo
Rapid City, SD
Member since Sep 2013
2426 posts
Posted on 10/6/26 at 8:14 pm to
Great news, can't wait for the lower housing prices so I can buy a couple more.
Posted by Judnnc
Member since Jun 2025
1005 posts
Posted on 10/6/26 at 8:23 pm to
I wonder if constant property tax hikes play any part.
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
53028 posts
Posted on 10/6/26 at 9:09 pm to
quote:

MY favorite time to purchase.
Posted by Timeoday
Easter Island
Member since Aug 2020
27452 posts
Posted on 10/6/26 at 9:20 pm to
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