Home Foreclosure Auction Volumes Reach Six-Year High

According to a report published by Auction.com, completed foreclosure auctions in the first quarter of 2026 increased by roughly 10% from the previous quarter and by 33% from the previous year. As a result, completed real estate auctions are already within 66% of their first-quarter 2020 levels, when the foreclosure market came to a total stop due to federal protections from the CARES Act during the COVID-19 pandemic.

In research released by Scotsman Guide in January, Daren Blomquist, vice president of market economics at Auction.com, noted that hundreds of thousands of homeowners were able to escape foreclosure thanks to pandemic-era provisions that went into effect in March 2020. However, such federal programs also depleted home equity, and many struggling homeowners “are now falling back into default and facing foreclosure with little or no equity left,” according to Blomquist. This is especially true for borrowers whose loans are covered by the Federal Housing Administration.

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