Foreclosures Surge in the U.S. Amid Affordability Crisis, Delaware Hit Hardest
Foreclosure filings in the U.S. increased by over 20% in November compared to the previous year, marking the ninth consecutive month of year-over-year hikes. According to data from ATTOM, Delaware experienced the highest rate of foreclosures, with one in every 1,924 homes affected. Other states with high foreclosure rates include South Carolina, Nevada, New Jersey, and Florida. The rise in foreclosures is attributed to high borrowing rates, dwindling savings, and an ongoing affordability crisis, which are pushing more families towards default. The increase in bank-owned properties is also negatively impacting neighborhood property values. 
