Early Movers Win Before Margins Crash
Foreclosure filings jumped 14% in 2025 to 367,000 properties, marking the clearest signal yet that deal flow is returning to normal after years of pandemic-induced drought.
Bank repossessions surged 27% year over year, and lenders are moving inventory faster, cutting average foreclosure timelines from 759 days to 592 days.
Florida leads the pack with the highest foreclosure rate in the nation at one in 230 homes, followed by Delaware and South Carolina, creating geographic concentration opportunities for scale players.
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U.S. Foreclosure Activity Increases in 2025
Foreclosure activity accelerated in 2025 as more homes entered default, auction, and REO pipelines. Florida, Texas, and major metros led the rise, signaling distressed inventory is rebuilding.
Sales of Existing Homes in 2025 Drop to Lowest since 1995
Existing home sales fell to their lowest level since 1995 as buyers stayed sidelined. Condo transactions weakened most, while sellers pulled listings instead of cutting prices.
Single-Family & Condo Prices Hit Multi-Year Lows in Toronto, Spike in Montreal, Quebec
Canada’s housing market is splitting in two. Toronto prices slid to multi-year lows as sales dried up, while Montreal and Quebec City surged to fresh highs. Condos took the hardest hits, leaving investors facing sharply different outcomes by city.
Despite Higher Fall Season Activity, Sales Stayed Stuck Near The Bottom in 2025
Housing activity improved modestly in late 2025, yet overall sales stayed near cycle lows. Easing rates and shifting inventory failed to unlock sustained buyer demand.
Mortgage Refinances Surged Again, but Rates are Now Suddenly Jumping Higher
Refinance demand just spiked as mortgage rates dipped to their lowest since fall. Borrowers rushed in, driving the biggest surge in months. Now bond markets are pushing rates sharply higher, putting that refinance boom on a very short clock.
Commercial Real Estate Deal-Making Slows Again in November
Commercial real estate deal flow cooled again in November. Buyers focused on large, high-quality assets, with medical office, data centers, and select multifamily driving most activity.
