227,500 properties hit foreclosure in H1 2024.
That's +21% year-over-year.
+30% vs two years ago.
The cracks are showing. Higher rates held longer than most expected. Homeowners who stretched during the 2020-2021 frenzy are now underwater or can't refinance out.
This isn't 2008-level systemic risk, but it's a clear stress signal. Watch regional banks with heavy residential exposure and REITs tied to distressed property cycles.
Foreclosure inventory takes time to clear. If this trend continues into 2025, it could weigh on home prices in overheated markets and create opportunities in distressed real estate plays.
That's +21% year-over-year.
+30% vs two years ago.
The cracks are showing. Higher rates held longer than most expected. Homeowners who stretched during the 2020-2021 frenzy are now underwater or can't refinance out.
This isn't 2008-level systemic risk, but it's a clear stress signal. Watch regional banks with heavy residential exposure and REITs tied to distressed property cycles.
Foreclosure inventory takes time to clear. If this trend continues into 2025, it could weigh on home prices in overheated markets and create opportunities in distressed real estate plays.
