Don’t fall for a fake foreclosure crisis

There’s no foreclosure crisis, folksThe best reference for this topic is the New York Federal Reserve and the chart below from the quarterly Household Debt and Credit Report. If you believe we have a foreclosure crisis today, then we have been in a foreclosure crisis since WWII. Even in 2026, new listings data has never gotten back to normal, which would be 80,000-100,000 during the seasonal peak months. ConclusionAll the data above should put talk of a fake foreclosure crisis to rest, and remember: foreclosure is a process. The housing bubble years were the first real foreclosure crisis post-WWII, as we have had many job-loss recessions before but no foreclosure crisis.