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Epic Economist,2/23/26
"The Biggest Foreclosure Crisis
In US History Just Got Worse"
"Foreclosures are surging across the United States, and the numbers are hard to ignore. In January 2026, over 40,000 homes were seized, marking a 32% increase compared to the same month last year. This is the 11th consecutive month of rising foreclosures, and experts are warning that things could get even worse before they get better. In this video, we take a closer look at what's really happening with the housing market right now and why so many American families are losing their homes.
States like Florida, Delaware, Nevada, New Jersey, Texas, and California are being hit especially hard. Thousands of new foreclosure proceedings are being filed every month in major cities like New York, Chicago, Houston, Miami, and Los Angeles. Behind every single one of those numbers is a real person, a real family, and a real story. People who bought homes believing they could keep up with their payments are now finding themselves in impossible situations as the cost of living continues to rise while wages remain stagnant.
We also look at personal stories from people going through foreclosure right now. Some homeowners are dealing with unexpected HOA assessments worth tens of thousands of dollars. Others bought condos that are now losing value due to circumstances completely outside of their control. These are not people who made reckless financial decisions. Many of them did everything they thought was right and still ended up on the wrong side of a system that offers very little forgiveness when things go sideways.
On top of that, more than one million homeowners in the U.S. are now underwater on their mortgages, meaning they owe more than their home is currently worth. That number has jumped 60% since the start of 2025. Mortgage delinquencies have also hit their highest level in nearly a decade. Meanwhile, people who bought homes between 2020 and 2023 are finding themselves stuck, unable to sell without taking a significant financial loss and unable to refinance into better terms.
For first time buyers, the situation is even more discouraging. Home prices have nearly doubled in just a few years while average incomes have barely moved. In 2019, housing costs represented about 21% of the average income. By 2023, that number had jumped to nearly 49%. Add in student loan debt and the rising cost of everyday essentials, and it becomes clear why so many Millennials and Gen Z Americans feel like homeownership is completely out of reach.
Whether you are a homeowner trying to hold on, someone stuck in a property you cannot sell, or a young person wondering if buying a home will ever be realistic, this conversation matters. The housing market affects everyone, and understanding what is happening is the first step toward making better decisions for yourself and your family."
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