Foreclosures are rising fast across the country, but there’s no reason to panic.

In February, foreclosure filings were up 11% from January, and foreclosure starts grew 40% month over month, according to the latest report from real estate information company ATTOM Data Solutions. There were 25,833 U.S. properties with foreclosure filings in February—a 129% increase from a year ago.

This doesn’t represent another massive wave of foreclosures, along the lines of what we experienced in the Great Recession. The latest numbers are artificially inflated after nearly two years of foreclosure moratoriums due to the COVID-19 pandemic. And foreclosures are still well below normal, pre-pandemic levels.

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Foreclosures Are Up a Lot—This Is Why We Shouldn’t Panic (realtor.com)