A new report from Realtor.com® is tracking the recent path of foreclosures, shedding light on what happens when these homes become Real Estate Owned (REO). These properties are then listed by banks on various online platforms and multiple listing services, often creating a new path to homeownership for some buyers.
Additionally, the research indicates that the rate of foreclosures has increased in recent years. This follows a period of suppression after the COVID-19 pandemic, where various measures kept foreclosure rates artificially low.
Moreover, 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. The report identified specific markets with the most foreclosure listings as of June 2026, and Washington, DC, is among the areas that has seen a significant uptick.
Foreclosure listings see an uptick in the capital
In the Washington-Arlington-Alexandria, DC-VA-MD-WV, metro area, the foreclosure share of listings was 1.90% as of June 2026. This figure reflects an increase in bank-owned properties becoming available on the market…