Foreclosures made headlines this week—and yeah, the numbers are up. But before anyone starts screaming about a crash or comparing it to 2008, let’s take a breath and look at the actual data.
According to the New York Fed’s Q1 2025 Household Debt and Credit Report (via ResiClub), the U.S. saw 61,660 housing foreclosures in the first quarter of 2025. That’s a 40% increase from the same time last year.
Big jump? Sure.
Crisis? Not even close.
In fact, we’re still 13% below pre-pandemic foreclosure levels. And delinquencies—the real warning sign for a housing meltdown—remain historically low.
Let’s break it down.
📊 Housing Foreclosures by Quarter (Q1 each year)
| Year | Foreclosures |
|---|---|
| 2014 | 144,500 |
| 2015 | 111,820 |
| 2016 | 96,680 |
| 2017 | 90,460 |
| 2018 | 76,360 |
| 2019 | 71,040 |
| 2020 | 74,720 |
| 2021 | 11,400 |
| 2022 | 24,220 |
| 2023 | 35,640 |
| 2024 | 44,180 |
| 2025 | 61,660 |
Now look at those numbers again. Yes, there’s a rise since 2021 when moratoriums and forbearance protections were in place—but we’re still well below where things stood for most of the last decade.
🏦 % of Mortgage Balances 90+ Days Delinquent (Q1 each year)
| Year | Delinquency Rate |
|---|---|
| 2014 | 3.72% |
| 2015 | 2.95% |
| 2016 | 2.08% |
| 2017 | 1.67% |
| 2018 | 1.22% |
| 2019 | 1.00% |
| 2020 | 1.06% |
| 2021 | 0.59% |
| 2022 | 0.47% |
| 2023 | 0.44% |
| 2024 | 0.60% |
| 2025 | 0.86% |
Even with the bump in 2025, the delinquency rate is lower than it was in 2019—and way lower than it was in 2014–2016. That’s not a market on the verge of collapse. That’s a market adjusting after a few very unusual years.
💬 Final Thought
Foreclosures are up—but this is not a crisis. It’s not a meltdown. It’s a market shaking off the post-COVID dust and returning to normal.
If you’ve been on social media lately, you’ve probably seen some influencer in a backwards hat or with a ring light screaming “Foreclosure crisis incoming!” or “2008 all over again!” Let me save you some time: they’re full of it.
And then there’s the big names. Grant Cardone straight-up said we’d see “the worst crash with the best opportunities” in the next 12 to 14 months. That was 10 months ago. Still waiting, Grant. The market hasn’t crashed. People aren’t walking away from their homes. In fact, delinquencies are still below 2019 levels.
The truth? These “experts” don’t care about giving you real data. They care about getting clicks, selling hype, and pitching whatever course, product, or fantasy they’ve got lined up next.
Fear sells. Accuracy? Not so much.
So here’s the bottom line: The housing market isn’t collapsing. It’s correcting. And corrections are not crashes. They’re normal. The numbers tell the real story—not the guy with a GoPro and an ego.
If you want a level-headed, fact-based view of what’s actually happening, talk to someone who works the market every damn day. Not someone who just plays it online.
So I leave you with these words of wisdom from The Rock:
“Foreclosures are up? Sure. Panic in the streets? Hell no. So take your fear, shine it up real nice, turn that sumbtch sideways and stick it straight back into the social media hype machine it came from. Calm the f down and look at the numbers, baby.”
💬 Ok fine… The Rock didn’t actually say that. But if he saw the way some of these influencers are acting? He probably would.
AriZona Real Estate insider! 
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