Foreclosures just hit a 6 year high — 118,727 foreclosure filings in one quarter, up 26% year over year, REOs up 45%
The U.S. housing market hit a fresh distress milestone this morning. Foreclosure filings in Q1 2026 rose to 118,727, a 26% increase year-over-year. Bank repossessions (REOs) surged even higher, jumping 45% since last year. Analysts are calling this the highest level of foreclosure activity in six years as pandemic-era protections have fully cleared and high …