Forced Sales Are Starting to Rise
Foreclosure pressure is building again, and this time it is showing up across the biggest hunting grounds in the country.
Texas, Florida, California, Georgia, and Indiana are all seeing foreclosure starts pile up, which means distress is moving from theory into inventory.
For investors, that is where the first serious cracks tend to show up as lenders push problem loans toward action.
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Gradual Annual Rise in Foreclosure Activity Continues in February 2026
States that had the greatest number of foreclosure starts in January 2026 included: Texas (3,390 foreclosure starts); Florida (3,250 foreclosure starts); California (2,440 foreclosure starts); Georgia (1,331 foreclosure starts); and Indiana (1,197 foreclosure starts).
Indiana Has the Highest Foreclosure Rate in the Country
People overpaid during COVID and now the assessments are catching up to them, and the mortgage payments are going up, and people just can’t afford it. Indiana’s foreclosure rate increased 60% from just a few months ago in November.
What it Takes to Sell Homes in this Market: Lennar Cuts Average Selling Price to 2017 Level
The average price per home sold plunged by 8.3% year-over-year, and by 24%, or by $118,500, from the peak in Q3 2022, to $374,000 in 2017. The mid-range guidance for Q2 dropped to $372,500.
Another Mostly Empty Office Tower in San Francisco Sells for 75% Off
Juul’s abandoned San Francisco HQ just traded at about 75% below its 2019 price, another savage reset for office values. As failed tech-era bets get cleared through distressed debt, AI firms are emerging as the new tenant class keeping the market on life support.
Mortgage Rates Rise Amid U.S.-Iran Uncertainty
Mortgage rates moved higher amid uncertainty tied to the U.S.-Iran conflict. HousingWire Data shows 30-year conforming rates at 6.19%, up 4 bps in the past week, while market observers widely expect the Fed to hold policy rates in place.
