Shutdown Chokes Home Closings
Foreclosures are spiking in Florida, Delaware, Nevada, Indiana, and South Carolina—clear stress signals, not one-offs.
That “+4%” pop in pending sales? Mostly noise in a weak market where listings linger and price cuts do the work.
And with the shutdown choking FHA endorsements and freezing USDA loans, closings stall and pressure builds across the chain.
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U.S. Foreclosure Rates by State
Florida led the nation with the worst foreclosure rates during September 2025, followed closely by Delaware and Nevada with Indiana and South Carolina rounding out the top five worst rates.
The Longer the Shutdown Continues, the Greater the Impact on Housing
Beyond flood insurance, the shutdown has slowed or halted activity across multiple housing programs. FHA loan endorsements face potential delays, while USDA has stopped issuing new loans and loan guarantees entirely during the shutdown.
4% Gain in Pending Home Sales Isn’t Exactly What it Seems
Pending home sales rose 4.0% in August, lifting the index to its highest level since March, and 3.8% above the same month last year. That all sounds pretty good, but the chart tells a more sobering story.
AI Bubble May Pop — Wiping Out $40 Trillion. Learn What Could Happen And What To Do
Today’s GenAI boom could wipe out a significant amount of privately held equity value. While it does not appear a peak has been reached, the debt taken on to finance the building of AI data centers is expected to be even larger than it was during the dot-com boom.
Is it Really Different this Time?
The market has become increasingly focused on the big-tech-big-startup circularity of hocus-pocus deals between Nvidia, OpenAI, AMD, along with Amazon, Microsoft, Alphabet, Meta, Tesla, Oracle, and many others.
The Elephant in the Room
In 2025, 1 of 8 young Americans (12.2%) is married and owns a home. In 1999, that number was over 50%. The housing market is slowly walking into a territory nobody has seen before. While an entire generation seemingly has to sit silently and watch, as it does.
