Demand for single-family homes has surged over the past two years as the coronavirus pandemic pushed people to seek more living space. Increased demand driven by low interest rates, combined with supply constraints, led to higher house prices. (These are the 15 cities with the highest house prices.)
But now the US housing market appears to be on the mend, with early signs of distress in parts of the country. Foreclosure filings, a measure of the health of the housing market at the local, state, or national level, are on the rise nationwide.