Posted on 09/19/2025 6:26:15 AM PDT by Angelino97
A dramatic increase in foreclosure filings is the latest bad news for the US housing market, with one state particularly hard hit.
In August there were a total of 35,697 properties in the US with foreclosure filings, according to a report by ATTOM.
This represents a 1 percent decrease from the previous month, but an 18 percent increase compared to 2924.
August was the sixth consecutive month of year-on-year increases in foreclosures and the third month straight with double-digit annual growth.
Nevada was worst affected last month, with a foreclosure filing for one in every 2,069 housing units.
Foreclosure is when a bank or lender takes back a home because the owner has fallen behind on their required mortgage payments.
The ongoing rise in both foreclosure starts and completions suggests that some homeowners may be experiencing added financial strain in the current high-cost and high-interest-rate environment, explained Rob Barber, CEO at ATTOM...
On Wednesday, the Federal Reserve cut interest rates for the first time since December 2024, but rates still remain high between 4 percent and 4.25 percent.
Nationwide, one in every 3,987 housing units had a foreclosure filing in August 2025.
The states with the worst foreclosure rates were Nevada (one in every 2,069 housing units with a foreclosure filing), South Carolina (one in every 2,152 housing units) and Florida (one in every 2,512 housing units).
The major metropolitan areas with a population greater than 1 million with the worst foreclosure rates in August 2025 were Cleveland, OH, Las Vegas, NV, Jacksonville, FL, Houston, TX and Orlando, FL.
(Excerpt) Read more at dailymail.co.uk ...
“Jacksonville, FL”
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My city......since it’s the daily mail I kinda have question the accuracy......I’ve heard absolutely zero about this locally and new home and condo construction is absolutely everywhere.
Rich are getting richer, poor getting poorer, middle class disappearing.
I suspect what happened is that the Hedge Funds tested Resort Fees and Paying to Park before the Lockdowns and didn’t see much reaction, then after the Lockdowns, they figured they could go nuts with the nickel and diming (actually quite a bit more than that) and saw that people flooded-in anyway.
What they didn’t calculate was the pent-up demand due to people going stir-crazy during the Lockdowns...they just wanted to get back to life.
Then their customers saw how they were getting played by the Hedge Funds...then the videos came out making things worse, much worse.
...and now the Hedge Funds are HOSED (but sad for the locals there, they had nothing to do with this mess).
News from the future. “This represents a 1 percent decrease from the previous month, but an 18 percent increase compared to 2924.”
The zero and the nine are right besides eachother.
The Daily Smear has been actively
Trying to Create a Crash on purpose with these
Daily Hyperbole Headlines since Trump started about a real estate crash in the USA.
The Socialist Brit rag hates Trump and lost millions in court about a Melania hit piece .
The DOJ needs to be brought in
and the Daily Smear owners and staff need to be investigated
regarding ties with Dem Hedge Funds or Soros trying to create a Panic .
There non stop drum beat is looking suspicious .
In many states such as Florida and Texas, homeowners insurance haas exploded. My premiums exploded after COVID, and it now costs about as much as my mortgage payment.
As are the zero and the hyphen. The British press are so into proofreading these days.....
I had a feeling sharp-eyed Freepers would catch this! Kudos.
Two words: Loan modification.
Three words: Chapter 13 reorganization.
ARM holders finally unable to cope with higher interest rates kicking in;
Illegals fleeing and abandoning mortgages or rental properties
Property tax increases driving people out of their homes
Massive property insurance increases in CA and FL
I have the distinct memory of building my house in 1992 with a 13.5% construction loan rate. The fixed rate on the takeout mortgage was at 8.25%.
Lots of scams in Nevada and Florida.
Nevada Ping!
To add your name to the growing Nevada ping list, FReepmail me...
In the news we are told that AI is already taking our jobs.
Elon Musk wants to sell us his Optimus robot that will have AI and will be able to respond to normal conversations like telling it to wash the dishes or vacuum the floors.
Optimus will be capable of working in manufacturing for 7 to 8 hours a day without recharging.
Musk says that Optimus will cost about $25,000 once he produces a million robots a year.
https://youtu.be/QzJqLn49Xuc
In the past we adapted to computers, automation and then the internet.
What is there to adapt to when AI and robots take our jobs?
Agenda 21 wanted the middle class to subsidize the poor in sanctuary cities.
When we start losing our jobs we’ll move out of cities and buy a small ranch to be self-sustainable.
People just ignore AI and robots.
They ignore EVTOLs on YouTube.
The FAA Clears AIR eVTOL for Florida Test Flights
Sep 4, 2025
It has a 155 mile range at 155 mph.
And it can be a 2 seater.
https://youtu.be/xtM8ofEs-0M
Bay Area Company Plans Flying Car Tests at Hollister Airport
https://www.ksbw.com/article/company-flying-car-tests-hollister-airport/65834571
This ‘Star Wars’ vehicle is now real, and you don’t need a license to fly one
https://www.theblaze.com/return/tech-company-flying-star-wars
Joby Aviation Showcases Electric Air Taxi Test Flights in Marina
KSBW ^ | Jul 23, 2025 | Brooke Kinebrew
https://www.ksbw.com/article/next-gen-travel-joby-tests-air-taxi-marina-flight/65492843
May 15 at 5:31 AM
Archer
We’re extremely proud to announce that Archer is the official Air Taxi provider of the LA28 Olympic and Paralympic Games and Team USA.
https://news.archer.com/archer-selected-as-the-official-air-taxi-provider-of-the-la28-olympic-and-paralympic-games-and-team-usa-in-exclusive-deal?fbclid=IwZXh0bgNhZW0CMTAAYnJpZBExanM3clpFbVVEUW5iSkZYcgEeDn6tJ8kDSJOczFR5gimUONbSVKGD4TOibJZjfqPq3J5rfX80MmC0TblnWTY_aem_sflUOKjxz068hMuyvvk7tA
Well at least the trend is positive over the next 900 years.
My first home (toward the end of Carter's disastrous term) was 14% and I was happy to get it.
Getting the first 200k in your 401k takes time and serious effort.
Things become a little easier after that.
I don’t consider myself rich but I am nicely setup for retirement after 50 years of really hard work.
Homeowners were America’s kulaks under Democratic rule.
Ditto for California. My homeowner’s insurance doubled after the fires, even though I am not in a fire prone area.
Had two friends whose policies were canceled by State Farm - one after he put in a claim for roof repairs, the other b/c her neighborhood was re-zoned as “fire risk” - even though she’s lived in the area for 40 years and there have been no wildfires. - Insurance companies are trying to make up for all the fire claims.
And yet - according to the front pages of the local msm - I am supposed to feel sorry for illegals being deported.
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