CoinTelegraph
U.S. home foreclosures jumped 26% year-over-year in the first quarter of 2026, reaching the highest level in six years. The acceleration is being driven not by mortgage rate shock alone but by a compounding squeeze on the cost of ownership: rising insurance premiums, climbing property taxes, and escalating HOA fees are pushing homeowners past their financial limits even where equity exists.
The pattern is structurally different from the 2008 wave, which was largely a credit-quality crisis. This cycle is an affordability crisis layered on top of a locked-in rate environment — owners who bought or refinanced at low rates can't sell without taking a step up in borrowing costs, so they hold on until the carrying costs overwhelm them.
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