US Foreclosure Filings Surge 17% in Q3 2025, Florida Hardest Hit
The US housing market has witnessed a stark increase in foreclosure filings over the past year. The latest figures reveal a significant rise in properties facing foreclosure, with Florida being particularly hard hit.
From July to September 2025, a total of 101,513 US properties received foreclosure filings, marking a 17% increase from the same period in 2024. While specific regional data is unavailable, Florida emerged as the state with the highest foreclosure rate. One in every 814 housing units in Florida faced foreclosure filings in the third quarter of 2025.
Lakeland, Florida, was the city most affected, with one in 470 housing units receiving foreclosure notices. Nationwide, September 2025 saw 35,602 homes with foreclosure filings, a 20% increase from the previous year.
Experts attribute Florida's high foreclosure rates to surging homeowners insurance premiums, climbing homeowners association fees, and a decrease in buyer demand. Florida residents have been grappling with soaring home insurance costs and homeowners association fees in 2025.
Foreclosed homes, often sold below market price, can negatively impact surrounding property values. Moreover, widespread foreclosures can lead to increased vacancy rates and strain local services, further exacerbating community challenges. As the situation unfolds, policymakers and stakeholders are urged to address these issues promptly to mitigate potential long-term effects.
