The foreclosure rate in the United States has experienced significant fluctuations over the past two decades, reaching its peak in 2010 at **** percent following the financial crisis. Since then, the rate has steadily declined, with a notable drop to **** percent in 2021 due to government interventions during the COVID-19 pandemic. In 2024, the rate stood slightly higher at **** percent but remained well below historical averages, indicating a relatively stable housing market. Impact of economic conditions on foreclosures The foreclosure rate is closely tied to broader economic trends and housing market conditions. During the aftermath of the 2008 financial crisis, the share of non-performing mortgage loans climbed significantly, with loans 90 to 180 days past due reaching *** percent. Since then, the share of seriously delinquent loans has dropped notably, demonstrating a substantial improvement in mortgage performance. Among other things, the improved mortgage performance has to do with changes in the mortgage approval process. Homebuyers are subject to much stricter lending standards, such as higher credit score requirements. These changes ensure that borrowers can meet their payment obligations and are at a lower risk of defaulting and losing their home. Challenges for potential homebuyers Despite the low foreclosure rates, potential homebuyers face significant challenges in the current market. Homebuyer sentiment worsened substantially in 2021 and remained low across all age groups through 2024, with the 45 to 64 age group expressing the most negative outlook. Factors contributing to this sentiment include high housing costs and various financial obligations. For instance, in 2023, ** percent of non-homeowners reported that student loan expenses hindered their ability to save for a down payment.

The emerging body of research suggests the unprecedented increase in housing foreclosures and unemployment between 2007 and 2009 had detrimental effects on health. Using data from electronic health records of 105,919 patients with diabetes in Northern California, this study examined how increases in foreclosure rates from 2006 to 2010 affected weight change. We anticipated that two of the pathways that explain how the spike in foreclosure rates affects weight gain—increasing stress and declining salutary health behaviors- would be acute in a population with diabetes because of metabolic sensitivity to stressors and health behaviors. Controlling for unemployment, housing prices, temporal trends, and time-invariant confounders with individual fixed effects, we found no evidence of an association between the foreclosure rate in each patient's census block of residence and body mass index. Our results suggest, although more than half of the population was exposed to at least one foreclosure within their census block, the foreclosure crisis did not independently impact weight change.

View quarterly updates and historical trends for California Consumers With New Foreclosure. Source: Federal Reserve Bank of New York. Track economic data …

Linear regression of block foreclosure rate on body mass index (BMI) within individual fixed effects.

Baseline Characteristics of Participants and Their Neighborhoods, According to Exposure to Foreclosures in 2008.

Linear regression of foreclosures on body mass index (BMI) with individual fixed effects for Medicaid Patients.

Residential mortgage arrears and foreclosure rates in Canada and the U.S. from 2002 to today. This table lets housing professionals compare data by type of mortgage in the U.S. and by region in Canada.

Annual residential mortgage arrears and foreclosure rates in Canada and the U.S. from 1990 to 2013. This table is archived for reference, research and record-keeping purposes only. It is not subject to Government of Canada Web Standards and has not been altered or updated since it was archived.

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County fixed-effects regression estimates for the relationship between unemployment rate and LGA births in California, 2008–2011.

Graph and download economic data for Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks (DRSFRMACBS) from Q1 1991 to Q2 2025 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, commercial, domestic, banks, depository institutions, rate, and USA.

Mean and standard deviation of within and between individual.

County fixed-effects regression estimates for the relationship between unemployment rate and LGA births, 2008–2011, stratified by race/ethnicity.

County fixed-effects regression estimates for the relationship between unemployment rate and secondary outcomes, 2008–2011.