Topline
Foreclosure rates for U.S.-based properties in October rose by nearly a third from last year and 2% from the month before, as homebuyers wrestle to keep up with the rising costs of goods and services.
Key Facts
Mortgages and lenders repossessed 3,872 U.S. properties in October, a 32% increase from the same period last year, data from property data firm ATTOM shows.
Homebuyers began the foreclosure process on 25,129 properties during the month, up 6% from the previous month in an eighth-straight monthly increase.
Florida, Texas and California were the states with the highest rates of foreclosure filings, while Florida, South Carolina and Illinois had the most foreclosures.
Inflation has increased by 3% over the last 12 months ending September and remains above the Federal Reserve’s 2% target, according to the Consumer Price Index.
The shelter index, a measure of housing costs for renters and homeowners, showed a 3.6% increase over the last 12 months in the September CPI report.
How High Are Home Prices In 2025?
The median home sale price in October was $440,387, according to data from housing market tracker Redfin. That number was up 1.4% compared to the same period last year. The average down payment on a home in 2025 was 19%, according to a report released by the National Association of Realtors in November, although this average was considerably lower at 10% for first-time home buyers. The national average 30 year fixed rate mortgage rate is at 6.24% and down 0.23 points year over year.