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Foreclosures Surge Amid Rising Costs | Annapolis News
Foreclosures are surging nationwide—up 21% in the first half of 2026—with 227,000 properties facing filings. Unlike the 2008 crisis fueled by risky loans, today’s spike stems from soaring housing costs, stubborn inflation, and the end of pandemic-era relief. Higher mortgage rates, rising insurance and taxes, and everyday expenses are squeezing budgets—especially for job-loss victims. The impact is uneven: Florida leads in foreclosure rates, while states like South Carolina, Indiana, and Illinois see sharp increases, even as Texas, California, and Florida’s sheer size skew overall numbers…
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