Author

Shelly Salas

The recent increase in foreclosures has raised concerns among homeowners, buyers, and investors across the United States. Having worked in real estate for more than two decades, I’ve seen how market conditions can change over time. While foreclosure filings are increasing, today’s housing market differs significantly from the 2008 financial crisis, making it important to look beyond the headlines and understand the data.

Although foreclosure filings have increased year over year, the overall percentage of affected homes remains relatively small. During the first half of 2026, more than 227,000 U.S. properties received a foreclosure filing. However, a filing does not necessarily mean a property will be repossessed. Of those filings, only a little over 27,000 resulted in completed foreclosures.

From my experience working with foreclosure properties during the 2008 housing downturn, I can confidently say today’s market looks very different. The numbers may seem alarming at first glance, but the data tells a more balanced story. Most homeowners continue to have equity in their homes, and the share of affected properties remains only a small portion of the nation’s housing inventory.

Even without a housing crisis, foreclosures continue to influence local real estate markets. I’ve worked with banks, investors, and homeowners throughout different market cycles, and one thing remains consistent: every opportunity should be evaluated carefully. Buyers may find homes below market value, but many foreclosed properties are sold as-is and often require repairs that add to the overall investment.

For homeowners, foreclosed properties can become direct competition when priced below comparable homes in the neighborhood. Investors may also benefit from completed foreclosures, particularly when pricing aligns with renovation and rental goals. In my experience, not every foreclosure is a bargain, which is why researching the local market and understanding the true cost of ownership remain essential before making a purchase.

While the rise in foreclosure filings deserves attention, it should not be mistaken for a repeat of the 2008 housing crisis. Based on both the current data and my experience in the industry, today’s market remains far more stable than many headlines suggest. By understanding the full picture behind the numbers, homeowners, buyers, and investors can make informed decisions with greater confidence.