A new report from Realtor.com® is tracking the recent path of foreclosures, which have seen an uptick after a period of suppression following the COVID-19 pandemic. When a lender repossesses a home, it can become Real Estate Owned (REO) and subsequently listed for sale on the open market.
Moreover, the rate of foreclosures is now comparable to what it was in 2019. This is still well below the levels experienced during the Great Financial Crisis.
As a result, the report identified several markets across the country that had the most foreclosure listings as of June 2026. San Jose, CA, is among the areas that has seen a significant increase in these types of properties.
Foreclosure listings remain low in San Jose
In the San Jose-Sunnyvale-Santa Clara, CA, metro area, the foreclosure share of listings was 0.20% as of June 2026. This figure remains relatively low when compared to other major hubs in the Bay Area, such as San Francisco and Oakland…