A new report from Realtor.com® is tracking the recent path of foreclosures, shedding light on what happens when homes become Real Estate Owned (REO) and are listed by banks. After a period of suppression following the COVID-19 pandemic, the rate of foreclosures has started to increase.
As a result, foreclosures are now about as common as they were in 2019. However, these levels are still well below the numbers seen during the Great Financial Crisis.
Moreover, the report identified several markets with the most foreclosure listings as of June 2026. Providence, RI, is among the areas that has seen a significant uptick in these types of listings.
Foreclosure listings rise in the Providence metro
In the Providence-Warwick, RI-MA, metro area, the foreclosure share of listings was 1.00% as of June 2026. This figure is notable when compared to other nearby metropolitan areas like Boston, MA, and Hartford, CT. Nationally, markets with the greatest foreclosure listing shares include areas that have experienced significant economic shifts or natural disasters…