If you’ve been seeing alarming headlines about foreclosures, you’re not alone. Many of them are crafted to grab attention—and stir up unnecessary fear. But when you take a step back and look at the full picture, the actual data tells a much calmer, more reassuring story.
Yes, foreclosure activity has increased slightly—up 7% in the first half of 2025—but the context matters. That bump doesn’t come close to the crisis levels we saw during the last housing crash.
Foreclosures Remain Far Below Historical Highs
Even with the increase, foreclosure filings are still exceptionally low. Only 0.13% of homes nationwide had a foreclosure filing in the first six months of the year. That’s less than 1 in every 750 homes—a far cry from the 2010 peak, when filings affected 1 in every 45 homes.
Whether you’re in Tacoma, SeaTac, or Sumner, the local foreclosure rates are nowhere near what they were during the housing crisis. It’s important to look at your specific area and not assume national headlines reflect what’s happening here in Pierce and South King Counties.
Why This Isn’t 2008 All Over Again
One major reason foreclosure numbers remain low is today’s homeowners are in a much stronger financial position. Lending standards are tighter, and most people have built up substantial home equity. That means if someone in Puyallup, Auburn, or Bonney Lake experiences financial hardship, they may have the option to sell instead of falling into foreclosure.
As Rick Sharga of CJ Patrick Company points out:
“A significant factor contributing to today’s comparatively low levels of foreclosure activity is that homeowners—including those in foreclosure—possess an unprecedented amount of home equity.”
That’s especially true in stable and sought-after neighborhoods in Lake Tapps, Burien, and Normandy Park, where rising home values have helped protect many homeowners from financial strain.
What to Do if You’re Facing Hardship
If you’re struggling with payments, know that there are options. Contact your mortgage provider early. With today’s home values and strong demand in places like Des Moines and beyond, you may be able to list and sell your home before foreclosure becomes necessary.
Need help understanding your equity or exploring your options? Talk to a real estate expert who can walk you through your next steps.
