These 10 cities are seeing the biggest jump in foreclosures as high home prices and property taxes bite

• Foreclosures are surging in key pockets of the US housing market.
• A Realtor.com analysis identified 10 cities where foreclosures are seeing the biggest jump.
• Overall, foreclosures have surged 13% in the first half of 2023, compared to a year ago.

Foreclosures are surging, thanks to higher home prices and property taxes biting into homeowner finances.

To be sure, there is no nation-wide wave of foreclosures coming like during the Great Recession, and the recent uptick hasn’t been evenly spread across the housing market, according to a new Realtor.com analysis.