U.S. FORECLOSURES CONTINUE GRADUAL CLIMB AMID HIGHER HOUSING COSTS

via themortgagepoint.com—According to ATTOM’s October 2025 U.S. Foreclosure Market Report, there were 36,766 U.S. homes with foreclosure filings—default letters, scheduled auctions, or bank repossessions—up 19% from a year ago and 3% from a month ago.

“Foreclosure activity continued its steady upward trend in October, the eighth straight month of year-over-year increases,” said Rob Barber, CEO at ATTOM. “Starts rose nearly 20%, while completed foreclosures were up 32% from last year. Even with these increases, activity remains well below historic highs. The current trend appears to reflect a gradual normalization in foreclosure volumes as market conditions adjust, and some homeowners continue to navigate higher housing and borrowing costs.”

Nationwide, one in every 3,871 housing units had a foreclosure filing in October 2025.

States with the worst foreclosure rates were:

Florida (one in every 1,829 housing units with a foreclosure filing)

South Carolina (one in every 1,982 housing units)

Illinois (one in every 2,570 housing units)

Delaware (on in every 2,710 housing units)

Nevada (one in every 2,747 housing units)

Florida, Texas & California Lead the Way

In October 2025, lenders began the foreclosure process on 25,129 properties in the U.S., a 20% increase from the previous year and a 6% increase from the previous month.

States that had the largest number of foreclosure starts in October 2025 included:…READ MORE

The Current Miami Springs Market

DEMAND IS STILL THERE DESPITE HIGHER INTEREST RATES

The Miami Springs/Virginia Gardens market saw an almost a fifteen-percent (15%) increase in inventory this week!! There are now forty-one (41) active listings. There are still qualified buyers looking for the right property despite slower demand. Sellers are seeing more price decreases, but high prices remain. Properties are staying on the market for longer but some houses still sell quickly. It all depends on pricing, condition, location, and of course, timing. Timing is everything.

There are seventeen (17) active listings over $1 million. Nineteen (19) of the active listings have had a price reduction, four (4) this week. Days on the market (DOM) is averaging around 91. Mortgage interest rates have been fluctuating between 6-6.5%. We expect additional rate cuts this year.

Inventory Breakdown:

There is one (1) property under $600,000; seven (7) properties are priced between $600,000-$700,000; six (6) between $700,000-$800,000; seven (7) between $800,000-$900,000; three (3) are priced between $900,000-$1,000,000; sixteen (16) between $1-2 million; and one (1) is listed for over $2 million.

CALL US FOR AN EVALUATION

During the period of November 7, 2025 through November 14, 2025, there were reported 3 new listings, 0 closed sales, 1 pending sale, 0 active with contract, 0 expired listings, 0 cancelled listings, 1 temp off market, 4 price reductions, and 0 price increases.

HOW DOES YOUR HOUSE COMPARE?

The table below shows the current status of the Miami Springs/VG real estate market as of November 14, 2025. All closed sales are within the last 90 days.

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

 A complete list of all the properties for sale in Miami Springs or any other area of 

Miami-Dade County can be sent to you on regular basis. 

Request it at:  charlie@leonardrealestategroup.com

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