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Foreclosures Surge Amid Rising Costs | Charleston News
Foreclosure filings are surging in 2026, up 21% in the first half alone—marking a dramatic reversal after six years of calm. Unlike the 2008 crash, today’s crisis stems from high housing costs, stubborn inflation, and the expiration of pandemic aid, leaving families struggling to keep up with mortgages amid rising insurance, taxes, and everyday expenses. Florida leads in foreclosure rates, with states like South Carolina and Indiana also seeing sharp spikes. Despite the uptick, a flood of cheap homes isn’t imminent: most homeowners have equity to sell, and inventory remains tight as older…
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