Foreclosures: Recent Headlines May Not Tell The Whole Story
It’s not unusual for a buyer to tell me they want to buy a foreclosed property, or one that has had a Notice of Default served on it. This is seen as a way to get a house at a reduced price. First and foremost, let me tell you that there’s no “cheap deal” in Bay Area real estate! Yes, foreclosure articles make headlines, and they’re designed to stir up fear to get you to read them. But what the data shows is actually happening in the market tells a very different story than what you might be led to believe. So, before you jump to conclusions, it’s important to look at the full picture. Looking at information that comes across my computer, overall foreclosure filings are still very low. In the first half of 2025, just 0.13% of homes had filed for foreclosure. That’s less than under a quarter of a percent. That’s a small fraction of all the homes out there. Here’s a great map that shows foreclosure rates are lower than you might think, and how they differ by state:
|
Recent headlines may not tell the whole story, but the data does. Foreclosure activity remains low by historical standards and is not a sign of another crash.
Wondering what’s happening in the market? Is this a good time to buy? Is this a good time to sell? If you’re trying to make sense of all the noise and want to know how current trends could impact your property, let’s talk. I’ll break down the data and help you see the full picture, no hype, just facts. Give me a call, or message me at 650-224-4747, I’d love to help you feel more confident about your next move!
