Foreclosures hit highest level since 2020 but experts say its actually good news for homebuyers

Foreclosure listings are climbing to their highest level since 2020, but housing experts say homebuyers shouldn’t mistake the uptick for the start of another housing meltdown.Instead, the growing inventory could spell opportunity for bargain hunters looking to score homes at deep discounts.“People are probably wondering if this is the highest since 2020; does that mean that we’re heading towards some sort of foreclosure crisis or crash like we saw in 2008?” Realtor.com Senior Economist Jake Krimmel told The California Post, before underscoring that it’s very “far from the case.” Instead, Krimmel argued the rise in foreclosures is actually a market “normalization” due to pandemic-era relief programs like mortgage forbearance and payment deferral recently ending. “We’ve come off really historic lows that any uptick is going to draw some attention,” Krimmel said.  California's top news, sports and entertainment delivered to your inbox every day.Please provide a valid email.

By clicking above you agree to the Terms of Use and Privacy Policy.Never miss a story Foreclosure listings made up 1.3% of all homes for sale in April 2026, the highest level since 2020, when the share of foreclosures approached 1.7%, according to Realtor.com data. In June 2026, Lake Charles, Louisiana, had the highest share of foreclosures of any metro area at 10.2%, while Redding, California, ranked sixth at 5.4%. California Post News: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedInCalifornia Post Sports Facebook, Instagram, TikTok, YouTube, XCalifornia Post Opinion California Post Newsletters: Sign up here!California Post App: Download here!Home delivery: Sign up here!Page Six Hollywood: Sign up here!But while the share of foreclosures has ticked up, the prices to purchase have dipped dramatically — offering buyers a chance to score a home about 27% below its estimated value, according to Realtor...