“In October alone, there were 36,766 foreclosure filings — the first step in the process, when a lender warns a borrower they’re in default. That’s up three percent from September and 19 percent from a year ago… lenders formally started foreclosure proceedings on 25,129 homes in October — up six percent from last month and 20 percent from 2024. Another 3,872 homes were fully repossessed, a two percent monthly rise and a 32 percent jump year-over-year.”
You can blame Blackrock and other financial firms and their REiT’s for buying up all the houses and making homeownership twice as expensive within the last four years.
“The Dow Jones Industrial Average lost 797.19 points, or 1.65%, to close at 47,524.28. The S&P 500 slid 1.6% to 5,574.98. The Nasdaq Composite dropped 1.6% to 17,688.88… Wednesday’s losses added to a steep sell-off this week, with the Dow down more than 1,300 points over two sessions.”
https://www.cnbc.com/2025/11/12/stock-market-today-live-updates.html
That 1,300-point slip in two sessions sticks in the mind. Drops like that don’t show up on calm weeks and everybody knows it. You read it and you can almost hear the desks buzzing and nobody wanting to say out loud why it’s happening. It hits harder when it all lines up with the other stuff that’s already cracking.
“Hedge funds have been net sellers of U.S. equities for seven straight sessions through Wednesday, according to Goldman Sachs’ prime brokerage data. The selling has been broad-based across sectors… Meanwhile, retail investors have continued to buy stocks, with net purchases totaling $1.3 billion over the past week.”
That bit about $1.3 billion coming from regular folks while the big players dump everything is the sort of thing you only notice when you’ve seen this movie before.