Despite having a banner year of feverish market activity, the real estate market could be in for a dose of reality in 2022. A post-pandemic return to normalcy will likely be underscored with its share of highs and lows as price gains slow, mortgage rates rise and the impacts of government intervention wane.

Based on recent reports by ATTOM Solutions, the market hasn’t had to wait long to see foreclosure activity pick up since the moratorium lifted in July. According to the report, default notices, scheduled auctions or bank repossessions spiked 34% in this year’s third quarter.

Experts indicate that the uptick will likely continue well into the new year following nearly a year and a half of a foreclosure moratorium.

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