Foreclosures are up this year - a concerning statistic for those that bought during the COVID frenzy. It was during that time - one of the biggest Seller's Markets in recent memory - that housing pushed affordability limits. With rates at unbelievably low levels, demand went through the roof, and so did prices. Things have settled since then - and prices have retreated somewhat - but many people's irrational exuberance outstripped their long term ability to make debt payments. I believe this trend will continue into next year.
If you need help understanding what you can afford and avoiding a financial mistake - let EZ Team guide you to the right price point that will allow you make the wise decision. Call us today - 410-271-9499.
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https://www.realtor.com/news/trends/foreclosures-florida-first-half-2026-attom-report/