New House Prices have dropped below Existing Homes for the first time in history. 60% of buyers purchased homes below original asking price. Mortgage demand turns negative.

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Foreclosure rates have continued their double-digit surge across the country, up 21% from last year.

“November marks the ninth straight month of year-over-year increases in foreclosure activity, underscoring a trend that has steadily taken shape throughout 2025,” says Rob Barber, CEO of ATTOM, a leading curator of land, property, and real estate data.

“Foreclosure starts were up 17% from last year and completed foreclosures rose 26%. While these numbers show continued upward movement, overall volumes remain well below historical highs.”

https://www.realtor.com/news/trends/us-home-foreclosures-november-2025/

In 2025, 60% of buyers purchased homes below original asking price, the highest rate in over a decade, highlighting weak demand and increasing seller concessions that can further drive prices down.

https://www.marketwatch.com/story/where-home-buyers-have-landed-the-best-deals-weve-seen-on-houses-in-over-a-decade-6077d81e

 

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