🔍 Foreclosure Trends & Housing Predictions in Ohio — Late 2025 Update

A few recent reports are pointing toward shifts that could impact how you buy, sell, or invest in Northeast Ohio real estate. Here’s what the latest data is showing—and what you should watch.

📊 Key Stats From Ohio

1. Foreclosure Rates Climbing

   • Ohio ranked 9th nationwide in July 2025 for foreclosure activity. That’s about 1 foreclosure filing per 3,140 housing units.

   • The counties with the highest foreclosure filings include Cuyahoga (where Cleveland is), among others.

2. Homeownership Rising

   • According to the “FY 2026 Ohio Housing Needs Assessment,” Ohio’s homeownership rate had climbed to 70% by end of 2024, which is the highest since 2010.

   • Trend suggests that even though rates are higher and inventory tight, more first-time buyers are managing to lock in homes.

3. Mortgage Rates & Forecasts TBD but Staying Elevated

   • Experts expect mortgage rates to stay in the 6‑7% range through 2025 and into 2026. That means decisions are going to be driven by what people can afford now—and what trade‑offs they will accept.

   • Another forecast: median home prices nationally are expected to grow slower in 2026 (approx +4%) than in pandemic years.

What It Means For Northeast Ohio Buyers and Sellers:

For Buyers:

• Elevated risk if buying properties under distress—inspections & disclosures more critical when foreclosures are involved.
• Competition might ease in certain segments as sellers who are “rate‑locked” stay put.
• Be ready to move quickly, but also negotiate wisely.

For Sellers:

• If you own your home free‑and‑clear or with low mortgage rates, you’re in better shape.
• Homes in distressed areas or in foreclosure risk zones might be priced more aggressively—matching expectations matters.
• Good time to position your house well, especially in neighborhoods with rising growth or where foreclosures are starting to become more common.

📲 Your Best Move

If you’re thinking of buying, selling, or investing—and want a plan that works for current foreclosure trends + rate outlook—let’s map out what makes sense for your goals.

👉 Book a strategy call here:
https://calendly.com/richganim/