27% Off Homes Most Buyers Are Missing
Foreclosure listings just hit their highest share since 2020.
But the real story is the discount.
Foreclosed homes are now selling nearly 27% below estimated value, giving buyers a rare opening in a market where affordability has been brutal.
More distressed listings mean more legwork and more risk, but also entry prices you won’t find anywhere else in this market.
Top stories of the week
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Foreclosure Listings Climb to a 2026 High
Foreclosure listings reached their highest share since 2020 this week. Distressed homes are selling near 27% below estimated value, opening the door for investors chasing fixer-upper deals in expensive markets.
Where Flippers Found the Best Margins in Q1
Purchase price, renovation costs, and resale value decided flip profits in Q1. Boston and Atlanta gave investors wide margins to work with, while Dallas-Fort Worth showed how a thin spread can squeeze a deal.
Home Prices Growing Slower, But Outright Prices Still at All-Time Highs
April home prices dipped 0.1% after seasonal adjustment, a sign of cooling growth. Overall values still sit at record highs, and several Western and Sun Belt markets are already posting annual declines.
Buyers Stay on the Sidelines This Week
Rates held near 6.58% this week, and mortgage demand slipped again as buyers stayed cautious. Distressed and foreclosure inventory keeps growing even as rate-locked owners hold regular resale supply tight, giving investors room to negotiate on homes that sit longer.
Rental Affordability Reaches a New May High
Nearly three in four rentals are now within reach for a median-income household, the strongest May reading in years. Concessions on almost 40% of listings add to the shift, as new supply hands renters more leverage.
Sub-3% Mortgage Holders Are Holding Firm
Homeowners with mortgages below 3% stopped paying them off early, halting the recent unwind of the lock-in effect. Nearly half of all borrowers still carry rates below 4%, keeping conventional resale supply tight and turnover slow.
