Foreclosures Rose in Q1 2025 – Is It a Warning Sign?

With everyday costs seemingly rising across the board, the state of the housing market is a natural concern. When basic living expenses rise, even critical financial responsibilities like mortgage payments start to slip, leading to increased foreclosures. Unsurprisingly, new data shows filings for foreclosures rose in Q1 2025, stirring worries about another housing crash like in 2008.
But as it turns out, there’s less cause for worry than you might think. When contextualized correctly, it’s clear these new number don’t point to a repeat of the last big housing crash.
The 2008 Market Versus 2025
The latest quarterly report from ATTOM shows that foreclosures did rise in Q1 2025, which is concerning at first glance. However, foreclosure filings were still lower than the normal historical average, and far below the levels seen in 2008. When plotted visually, it’s easy to see the huge difference between 2008 and 2025.
Compare the foreclosure filings in Q1 2025 to the years surrounding the 2008 crash on the graph below. Even in the years preceding and following the 2008 crash, foreclosures were dramatically higher than what we’re seeing now.
Back in 2008, lenders were approving loans using much riskier practices, saddling many homeowners with mortgages they couldn’t afford. This flooded the market with distressed properties, surplus housing inventory, and free-falling home prices that collectively caused the crash.
In the years that followed, lending standards became much stricter and stronger to prevent such a crash from happening again. Today, most homeowners are in a much better financial position, and foreclosures have stabilized as a result.
The graph may appear to show foreclosures ramping up since the lows of 2020 and 2021, but this is deceiving. Foreclosures during those years were unusually low thanks to a moratorium designed to help millions of homeowners through the pandemic. That moratorium has since ended, which has caused foreclosure filings to return to the more normal levels we see now.
Compared to pre-pandemic years like 2017-2019, foreclosures overall are actually relatively down from what’s considered normal. So while foreclosures rose in Q1 2025, this doesn’t point to a troubling surge in the market.
Why Foreclosures Haven’t Surged in 2025
Another reassuring difference in today’s real estate market is the power of increased homeowner equity. As home prices have exploded over these past few years, homeowners have enjoyed a welcome boost to their wealth. According to Rob Barber, CEO at ATTOM:
“While levels remain below historical averages, the quarterly growth suggests that some homeowners may be starting to feel the pressure of ongoing economic challenges. However, strong home equity positions in many markets continue to help buffer against a more significant spike . . .”
In short, if a homeowner can’t make their mortgage payments, they may be able to sell their home to avoid foreclosure. During 2008, many people owed more than their homes were worth and had no choice but to foreclose. Today, most homeowners have much stronger equity that protects them from being forced into foreclosing. As Rick Sharga, Founder and CEO of CJ Patrick Company, recently explained in a Forbes article:
“ . . . a significant factor contributing to today’s comparatively low levels of foreclosure activity is that homeowners—including those in foreclosure—possess an unprecedented amount of home equity.”
Conclusion
It’s true that foreclosures rose in Q1 2025, but they’re nowhere near the levels seen during the 2008 crash. Even as home prices continue rising, strong equity is protecting existing homeowners and bolstering their wealth. This doesn’t discount the struggles some homeowners are facing, but it’s a reassuring fact for the market at large.
If you’re a homeowner facing foreclosure, ask your mortgage provider about what options are available to you. Are you a first time buyer eager to build your equity? Contact us today for the info you need to get started.
Here’s the Next Best Time To Sell Your Home This Spring

Back in March, Realtor.com reported that the best time to list your house in 2025 was April 13–19. With that week now behind us, you may be wondering if you missed your chance this year. Fortunately, you still have plenty of time, if another source’s prediction holds true this spring.
Realtor.com may be one of the biggest property search sites, but others have their own data, studies, and methodologies. This means that they sometimes receive different results and reach different conclusions. This means that they sometimes receive different results and reach different conclusions, which may be good news for you. Because according to Zillow, the ideal spring house selling window hasn’t passed yet.
Reports on the Best Spring Selling Period
New research from Zillow has found that sellers who list their homes in late May tend to see higher sale prices. Based on home sales from 2024, homes listed in May had the highest sale premium of about $5,600. According to Zillow‘s study:
“Search activity typically peaks before Memorial Day, as shoppers get serious about house hunting before their summer vacation and the new school year in the fall. By targeting late spring, sellers can get their home listed when the most shoppers are looking. When more buyers are competing for homes, sellers can command a higher price.”
But Zillow isn’t the only one declaring May as the best time for home sellers to list. Using data from 59 million home sales over the past 13 years, ATTOM Data completed a similar study. In this case, it was found that sellers who list in May net an 11.1% higher closing price on average.
“Freshly compiled sales statistics from ATTOM demonstrate that home sellers continue to reap significant benefits from listing their properties during the month of May. Examination of home sales trends spanning thirteen years reveals that, on average, sellers are commanding 11.1 percent premium above the estimated market value.”
Meanwhile, a report from Bankrate states that listing at any time in April or May is ideal. In fact, it found that homes listed in May on average sell for about 13.1% above market value:
“Some patterns and trends usually do hold true throughout the year, and one is that spring continues to be the best time to sell. Sellers can net thousands of dollars more if they sell during the peak months of April and May. . .”
If these reports are accurate, then there’s still time to list during peak home selling season. Closing your home sale in May could get you a sizable increase in your final sale price.
Of course, the best week to list your house ultimately depends on your own local real estate market. Prices are driven by buyer demand and home supply, and these can vary wildly from market to market. This is why working with an experienced local agent can be so helpful, especially in uncertain markets.
Conclusion
Even though Realtor.com‘s recommended spring selling window has passed, other sources say there’s still plenty of time this year. Spring is always a busy time in real estate, and you can take advantage without listing during a specific week.
The true best time to sell your house will be determined by your own unique local market this spring. Working with an agent can help remove some of the guesswork, and get you the best closing price possible.
Many Fear a Housing Market Crash in 2025 – Will It Happen?

Between every economic uncertainty underpinning this year so far, Americans are understandably trepid about the future. Amid market lows and rising prices, many are asking if we’re heading for a housing market crash in 2025.
If talk of tariffs and mercurial markets are giving you pause about your plans, you’re not alone. In fact, new data from Clever Real Estate has found that 70% of Americans are worried about a housing crash in 2025. But how likely is this, and what does the latest data say?
Low Inventory Prevents a Crash in Prices
Before you put your plans to buy or a sell a home on hold, let’s look at the facts. The reality is that the trends in the housing market we’re seeing aren’t signs of crashing, only of shifting. As Chief Economist at First American Mark Fleming explains:
“There’s just generally not enough supply. There are more people than housing inventory. It’s Econ 101.”
Consider the basic laws of supply and demand. If the supply of something is low, its prices are bound to go up, and homes are no exception. And even though housing inventory is up in 2025, high demand from buyers is still driving home prices higher.
According to recent data from Realtor.com, the number of homes for sale in 2025 is climbing, but still below normal levels. Even still, home supply is at its highest since pre-pandemic levels, showing a positive trend in the right direction.
That ongoing low supply is what’s stopping home prices from dropping at the national level. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:
“… if there’s a shortage, prices simply cannot crash.”
Home Prices Normalize as Inventory Increases
As more homes are listed on the market, upward pressure on home price growth normalizes. Prices may not be falling, but they’re rising at a rate closer to what we’d consider normal for the market.
Even though prices aren’t declining nationally, increased inventory means they’re rising more slowly than they were. The trend we’re currently seeing is what’s considered price moderation.
The good news for buyers is that this price moderation is expected to continue throughout the rest of the year, according to a January report from Freddie Mac:
“In 2025, we expect the pace of house price appreciation to moderate from the levels seen in 2024, while still maintaining a positive trajectory.”
This means that home prices will continue rising in most markets, but not as quickly as they did in 2024. This is great news for anyone who’s been priced out of the market thanks to rapid price appreciation these past few years.
These numbers represent national trends, so the true story will vary in individual markets. A local real estate agent can give you the latest details on the market trends in your your own unique area.
Conclusion
Fears of a housing market crash in 2025 abound, but don’t let this worry you. While a little caution is healthy, experts are confident that a housing market crash is unlikely in 2025. As a recent report from Business Insider says:
“. . . economists who study housing market conditions generally do not expect a crash in 2025 or beyond unless the economic outlook changes.”
In reality, this year’s housing market is stabilizing thanks to decreasing price growth and increasing home supply. If you’re curious about the market trends in your local area, contact us today to connect with an agent who can reassure you with the facts.
Selling Your Home? Avoid This Mistake When Setting Your Asking Price

When selling your house, the typical goal is to sell quickly at the best price possible. Naturally, ever since home prices took off around 5 years ago, most sellers have been aiming high. But housing inventory is making a comeback, and some sellers haven’t considered what this shift means for their asking price. As a result, buyers are becoming choosier, and price cuts on overpriced listings are increasing alongside home supply.
According to February 2025 data from Realtor.com, home price cuts this February reached their highest number since 2019. That’s the highest number of price cuts in 6 years, and a real return to pre-pandemic market levels.
Given that 2019 is considered the housing market’s last normal year, this demonstrates a major, substantial shift. The market is finally starting to normalize, and may quickly break out of the post-pandemic slump it’s been stuck in.
However, this is a distinctly different trend from the hot seller’s market of 2021 and should be treated differently. You may not sell your house for top dollar like you would have at the pandemic’s peak, but that’s okay. By setting a smart asking price and tempering your expectations, you can still sell quickly, and at a great price.
You may be planning to price your listing high and cut it later if necessary, but this has its drawbacks. Pricing too high and lowering later means you may actually end up with lower offers in the end. Pricing right the first time is the best way to avoid this, and a local agent can make the difference.
How a Local Agent Can Find Your Perfect Asking Price
A true expert real estate agent doesn’t set an asking price without good reason. These agents consider real data and trends unique to your market, setting a price specific to your home. This way, you set a realistic price based on your home’s true value to attract as many buyers as possible.
Depending on your local market and your agent’s analysis, they may even recommend strategically pricing slightly below market value. While this may sound counterintuitive, it can be a strategic move to attract more attention to your listing, earning you more competitive offers. Here are a few ways a local agent will determine the best price for your listing:
- Researching recent home sales. What price did homes similar to yours finally sell for? Were these homes initially listed higher before dropping in price to sell?
- Analyzing local market trends. The true value of your home isn’t based on the price you’d like to sell it at. It’s the price that potential buyers are willing to pay. A local agent will have a strong idea of this number based on experience.
- Strategizing to sell. A great agent will price your home to attract attention, creating a sense of urgency among buyers and increasing demand.
How Overpricing Your Home Can Backfire
Unfortunately, some sellers still ignore their agent’s advice and prefer to start high just to see what happens. The hope being maybe they get their full asking price, or they at least have more wiggle room for negotiation. But pricing high usually ends up costing you, and here’s why:
- Buyers may ignore it. The market’s past few years – and the direction it’s headed – have made buyers more budget-conscious than ever. If a home listing looks overpriced, buyers are more likely to ignore it and move on than consider negotiating.
- It could stay on the market too long. The longer your home sits on the market without selling, the more buyers will assume something is wrong with it. This can make it harder and harder to sell as time goes on, and makes a price cut almost inevitable.
- You may sell for less in the end. Price cuts often lower a listing’s final selling price below its best, most realistic market value. Listing at the right price to begin with gives sellers the best chance of selling quickly at a great price.
The graph below demonstrates how these factors play out in the market. Using data from the National Association of Realtors (NAR), it shows how time on the market lowers final selling price.
According to the data, if a house sells within its first 4 weeks after listing, it usually sells for full price. Homes that are priced at or just below current market value typically sell quickly in this same window. When a home is priced right, it attracts truly interested buyers who are willing to buy at your asking price. In a hot market, buyers may even compete with other buyers, or even make an offer above your listing price.
On the other hand, a home that’s overpriced will take longer to sell, if it sells at all. As the graph demonstrates, after that first 4 weeks on the market, final selling price starts to drop. And as buyer interest declines over time, the more likely a seller will accept a low offer, or cut their price.
Conclusion
The housing market is normalizing thanks to increasing housing inventory, causing price cuts to rise with increasing buyer power. For sellers, setting the right asking price is more important than ever, and overpricing could make your listing sit on the market. Advice from a local agent can help you avoid this mistake and sell quickly without having to lower your price.
Interested in selling but need help pricing your home for your local market? Get in touch with us today. We can connect you with a local agent who can sell your home at the best price possible.
What’s Your Real Home Value in the 2025 Market?

If you’ve checked home prices in the past few years, you know too well that they’re always rising. But if you’re a current homeowner, have you considered what this might mean for your own home value? It may be that your home is worth far more than you think in 2025.
While rising prices are expected, the home value increases of the post-Pandemic housing market have been dramatic. And if you’re a seller waiting to list, this could mean a huge payoff when you finally close. If you’re eager to know much your own house could sell for, finding out is easier than you think.
The Post-Pandemic Home Value Launch
Home prices typically rise around 2-5% per year, but in 2021-2022 that number rose to double-digit levels. In the spring of 2022, year-over-year percentage growth finally peaked at over 20% nationally. The sheer number of buyers in the market during this time sent home prices soaring as housing supply lagged. And though price growth has settled since then, the home value accrued by homeowners in that time remains.
The lingering effects of that volatile period have caused difficulties for buyers, but they’ve also produced great opportunities for sellers. There’s a good chance your house has gained tremendous value since then, and that means more wealth for you.
The map below references data from the Federal Housing Finance Agency (FHFA) to illustrate that home prices have risen by nearly 60% in just the past 5 years alone nationally. The most extreme increases have taken place in states marked with a darker blue, like Maine, New Hampshire, and Florida.
If worries about today’s rates and prices have stopped you from selling your home, let these numbers reassure you. Your home’s risen value may be exactly what you need to close the affordability gap and purchase your next house.
Even better, if you’ve owned your home for 10 years or more, your value is likely even higher. You can stack the incredible gains of the past five years on top of five years of healthy appreciation too. And an agent can help you figure out what that really looks like.
How To Find Out What Your House Is Really Worth
Percentages will help you ballpark an estimate, but you need specific numbers to make real, actionable decisions. To help, you can get a free home valuation estimate from us right now using the tool below. You can even sign up for a full valuation report.
Home valuations can be great tools, but only a local real estate agent can give you the best, most accurate look at your house’s real market value. An agent will know the state of your local housing market and the factors driving it. They can provide insights about current housing inventory, pricing of comparable homes, and unique contributors to value like renovations.
By knowing what’s happening where you live, an agent can stack their market knowledge against the unique condition and features of your home and give you an accurate estimate of your home’s current value in your area.
Conclusion
Home values have taken off in just the past few years, and that’s great news for current homeowners. Knowing what your house is worth in today’s real estate market will help you plan your next move. A local agent can give you a great idea of how much your home might realistically sell for.
If you’re a homeowner considering a move, get your free home valuation from us at Century 21 Affiliated now. Ready to sell? Reach out now and we’ll connect you with a local expert real estate agent who can get your house sold.