In the first quarter of 2025, all loan types except USDA-backed loans experienced increased activity, with VA loans witnessing the sharpest rise in auction volume post-moratorium. Despite this surge, buyer demand for auctions faltered due to economic uncertainties, leading to a marked decline in the foreclosure auction sales rate. Notably, major metro areas recorded mixed outcomes; while certain cities saw gains, many like Dallas and Atlanta faced significant declines. Auction price demand also dropped year over year, indicating a tightening market despite some fluctuations in quarterly figures.
The expiration of the VA foreclosure moratorium at the end of 2024 led to a significant increase in auction volumes for VA loans, signaling active market changes.
Foreclosure auction sales surged initially but faced a downturn in February, marking a 26-month low, indicating instability amid economic uncertainty and shifting buyer demand.
Reports show that while some cities have seen price demand remain steady, many major metro areas, including Houston and Chicago, have experienced double-digit declines.
Despite some modest gains in cities like New York and Philadelphia, the overall trend across most analyzed markets points towards weakened foreclosure auction demand.
Collection
[
|
...
]