Summary
Home foreclosures are rising across the United States due to higher homeownership costs and worsening financial conditions for many people. In August 2025, foreclosure filings reached nearly 35,700, marking a consistent increase over the past six months. Florida, in particular, is experiencing high foreclosure rates, with Lakeland having the highest in the nation.
Key Facts
- U.S. foreclosures have risen for six straight months as of August 2025, totaling 35,697 filings.
- Foreclosure rates have increased by nearly 20% compared to the previous year.
- The foreclosure rate means the number of properties with a filing, which was one in every 1,402 housing units in the third quarter of 2025.
- Lakeland, Florida, had the highest foreclosure rate in the country, with one filing per 470 housing units.
- High foreclosure rates in Florida are linked to rising insurance costs, homeowners association fees, and decreased buyer demand.
- Many homeowners who had temporary relief during the pandemic are now facing payments they cannot afford.
- Mortgage rates, which affect home loan payments, have started to ease but are not yet significantly impacting household financial pressures.
