Foreclosure filings in the US spiked by more than 20% in November compared to the same period last year.
The data, first reported by the Daily Mail, comes from property data firm ATTOM. The year-over-year uptick last month is part of a troubling trend for 2025 — November marked the ninth straight month of year-over-year foreclosure hikes.
The findings signal trouble for the average American homeowner.
November saw 35,651 properties hit with foreclosure filings, in a 21% increase from November 2024. steheap – stock.adobe.com
Cheap, bank-owned listings have an outsized effect on the property values of their neighbors. Konstantin L – stock.adobe.comHistorically high borrowing rates, dwindling savings and an ongoing affordability crisis are pushing more American families towards default.
Americans keeping up on their bills aren’t spared by the rash of foreclosures, either. Cheap, bank-owned listings have an outsized effect on neighborhoods, damaging nearby property values.
November saw 35,651 properties hit with foreclosure filings, in a 21% increase from November 2024.
Foreclosure starts, as the first step of the formal foreclosure process, increased by 17% year-over-year in November, hitting 23,720 properties.
A total of 2,884 US properties were repossessed by lenders last month, according to ATTOM.
Homes in Delaware saw the highest frequency of foreclosure filings. Felix Mizioznikov – stock.adobe.com
High taxes, insurance and interest rates are putting increased pressure on American wallets. zimmytws – stock.adobe.comStates from the American West to the Northeast saw alarming rates for foreclosure filings.
Delaware saw the highest rate of lender interventions, where one in every 1,924 homes had a foreclosure filing. Delaware’s high rate of foreclosure activity was followed by South Carolina, Nevada, New Jersey and Florida.
Philadelphia, with one filing for every 1,511 housing units, ranked as the most foreclosure-burdened metro among those with populations of 1 million or more. Las Vegas, Cleveland, Orlando and Tampa followed behind.
A perfect storm of high day-to-day costs paired with increasing taxes, insurance and interest are leaving Americans behind on their bills.
Americans’ anxieties about their financial futures are sky-high. karamysh – stock.adobe.comReminders of the 2008 housing crisis are difficult to ignore. Although loans are indeed safer than they were before that bubble burst, anxieties are high.
More than half of Americans in a recent survey reported feeling financially frozen this year, with many struggling to maintain monthly budgets and grow their savings.
