U.S. foreclosure filings reached 118,727 properties in the first quarter of 2026. This volume represents a 6% increase from the previous quarter. Filings surged 26% compared to the same period last year.
Bank repossessions increased 45% over the previous year. The NAHB/Wells Fargo homebuilder sentiment index dropped to a seven-month low. Existing home sales also declined in March, suggesting a broader housing sector slowdown.
Data firm ATTOM reports that these trends reflect mounting financial pressure on homeowners. The building pressure could eventually dampen broader consumer confidence and spending.