Bank Repossessions Jump 45%
Foreclosures kept rising in the first quarter, and the pressure is starting to show up in the numbers.
Starts climbed 20% from a year ago, bank repossessions jumped 45%, and the foreclosure pipeline kept moving faster.
Florida, Indiana, South Carolina, and several major metros posted some of the highest activity and worst rates in the country.
The market is seeing a broader uptick in filings, starts, and completed foreclosures as Q1 closes.
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ATTOM Q1 2026 Foreclosure Market Report Shows Rising Activity
Foreclosure activity kept climbing in Q1, with starts up 20% and bank repossessions up 45% from a year ago. Volumes still sit below crisis peaks, but the rise in filings, REOs, and fast-moving timelines shows pressure building in more local housing markets.
Condo Prices Dropped by 12% to 31% in 31 Bigger Markets. Some Are where They’d Been 20 Years ago, such as Oakland
Condo prices are cracking across major markets, with Oakland, St. Petersburg, and Austin leading the drop. In some cities, values have round-tripped to levels last seen 20 years ago, as speculative demand fades and the easy-money surge unwinds.
Pending Home Sales Still in the Deepfreeze, Drop in the West & Midwest, Tick up in the South & Northeast
Pending home sales ticked up in March, but the resale market still looks frozen. Contracts remain far below 2021 and even trail Housing Bust levels from 2011. The West and Midwest kept sliding, while the South and Northeast only clawed back from extreme lows.
Builder Sentiment Drops to Seven-Month Low in April
Builder sentiment fell to a seven-month low in April, showing spring demand stayed soft. Confidence dropped across sales, outlook, and buyer traffic, as high rates, rising costs, and economic uncertainty kept pressure on builders despite ongoing incentives.
Mortgage rates sink again, and homebuyers jump back in
Mortgage rates fell for a third straight week, and buyers stepped back in fast. Purchase applications jumped 10%, showing how quickly demand responds when borrowing costs ease. Even in a shaky market, a small rate move is still enough to wake buyers up.
Rent Growth Hits Slowest Pace Since 2020
Rent growth just hit its slowest pace since 2020, giving renters more room to breathe. Incomes are rising faster than rents, putting about $193 a month back in the typical household’s pocket as supply, concessions, and renter leverage keep improving.
