Glass half-empty

California’s 32,905 foreclosure filings in 2023 were No. 2 among the states. Economic rivals Florida was No. 1 at 35,813 and Texas was No. 3 at 30,467.

Yes, California foreclosure activity was 41% above the 2020-22 pace – the 13th smallest jump among the states. The national pace was up 55%.

The biggest leaps were found in DC (up 403%), West Virginia (up 155%), Oregon (up 116%), New York (up 102%), and Idaho (up 101%). Texas was No. 9, up 85%, and Florida was No. 32, up 46%.

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California foreclosure filings climb 41% off pandemic era lows