In the first half of 2026, buyers saved about 27% on foreclosed homes listed for sale. This is on a national scale. And as of April, foreclosure listings made up 1.3% of total for-sale listings, the highest level in six years. 
New data from Realtor.com also shows foreclosed property listings, also called REO listings, are getting 26.5% more page views compared to typical home listings.
Yet they still sit 11 days longer, partly because foreclosure has a scary reputation for a lot of homebuyers. But that’s not the only reason. While these properties could be hidden opportunities, they’re not without risk. 
Here’s what’s driving the rise in foreclosures and the trade-offs that go with buying an REO property vs a seller-owned or newly-built home. By the time you’re done reading this, you’ll know what to expect in Fernandina Beach and whether these homes are worth looking into. 
Why Foreclosures Are Ticking Up Again

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