Foreclosures Are Surging—And It’s Not Random It’s starting to smell like 2008, only this time the stench is worse. In a country where the average American can’t scrape together $1,000 for an emergency, we’re now watching foreclosure data chart the same path we saw during the Great Recession—except the pressure this time is coming from more directions. A nearly 20% spike in foreclosure filings over last year isn’t a blip—it’s a trend, and one that’s been climbing for eight straight months. That’s not a cycle—that’s structural decay. When homeowners who bought during the low-rate mania of 2020–2022 now face ballooning payments, layoffs, and a weakening labor market, the result is predictable: mass default. Combine that with record household debt, and…
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