A new report from Realtor.com® is tracking the recent trajectory of foreclosures, which occur when homes become Real Estate Owned (REO) and are listed by banks. These properties often appear on multiple listing services and online platforms, creating new inventory for prospective buyers.
Additionally, the research shows that the rate of foreclosures has ticked up in recent years. This follows a period of suppression after the COVID-19 pandemic, when various homeowner protections were in place.
However, while foreclosures are now about as common as they were in 2019, they remain well below the levels seen during the Great Financial Crisis. The report identified several markets with the most foreclosure listings as of June 2026, and Raleigh, NC, is among the areas that has seen a significant uptick.
Raleigh sees an uptick in foreclosures
In the Raleigh-Cary, NC, metro area, the foreclosure share of listings was 0.20% as of June 2026. This rate is being monitored alongside other major hubs in the region, such as Charlotte, NC, and Richmond, VA, as housing market dynamics continue to shift…