US Home Foreclosures Up 18% Year-Over-Year, Still Below Pre-Pandemic Levels

US home foreclosures decreased 8% from the previous month but rose 18% year-over-year. High borrowing costs and affordability challenges are cited, but economists note levels remain below pre-pandemic norms and are not a broader economic concern.

Sat May 16 2026

Current State of Home Foreclosures

According to the latest real estate data from ATTOM, home foreclosure filings in the United States decreased by 8% from the previous month. However, when compared to the same period a year ago, these filings have seen an 18% increase. This trend suggests that some homeowners are being impacted by higher borrowing costs and ongoing affordability challenges in the housing market.

Economic Outlook and Analysis

Despite the recent uptick, economists emphasize that current foreclosure levels remain significantly below pre-pandemic norms. They do not yet view this increase as a major issue for the broader economy. This perspective indicates that while some homeowners are struggling, the overall housing market and economic stability are not considered to be in immediate widespread jeopardy.

*Source: YouTube: ABC News (2026-05-16)*

Tags: #US real estate #home foreclosures #housing market #economic indicators #consumer debt