Home foreclosures are on the rise in the Bay Area after grinding to a halt for most of the pandemic.
But real estate experts say the recent spike signals more of a return to normal rather than a coming housing crash, though foreclosures are primed to continue trending upward in the months ahead.
During the first half of this year, foreclosure starts in the five-county region jumped 90% compared to the same period in 2021, according to new data from real estate analytics firm ATTOM. Still, the number of Bay Area foreclosure filings — one for every 1,419 housing units — remains below pre-pandemic levels.
