Austin, TX – April 2025
Sunbelt states — including Florida, Texas, and Arizona — saw a 15% increase in foreclosure filings in the first quarter of 2025. Rising homeownership costs and stagnating wages are cited as key contributing factors.
“These are middle-income families being squeezed by property taxes, insurance, and mortgage resets,” said a regional housing economist.
Legal aid and foreclosure defense services are ramping up outreach in response.
