Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday.

While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market.

There were 36,766 U.S. properties with some type of foreclosure filing in October — such as default notices, scheduled auctions or bank repossessions, according to Attom, a property data and analytics firm. That was 3% higher than September and a 19% jump from October 2024, and marked the eighth straight month of annual increases, Attom said.

Foreclosure starts, which are the initial phase of the process, rose 6% for the month and were 20% higher than the year before. Competed foreclosures, the final phase, jumped 32% year over year.

“Even with these increases, activity remains well below historic highs. The current trend appears to reflect a gradual normalization in foreclosure volumes as market conditions adjust and some homeowners continue to navigate higher housing and borrowing costs,” said Attom CEO Rob Barber in a release.

Florida, South Carolina and Illinois led the nation in state foreclosure filings. On a metropolitan area level, Florida’s Tampa, Jacksonville and Orlando had the most filings, with Riverside, California, and Cleveland rounding out the top five.

Looking specifically at completed foreclosures, Texas, California and Florida had the most, suggesting those states will see more inventory coming on the market at distressed prices. There is still very strong demand for homes, especially in lower price ranges, so it is likely those foreclosed properties will find buyers quickly.

At the peak of the Great Recession, more than 4% of mortgages were in foreclosure, according to Rick Sharga, CEO of CJ Patrick Co., a real estate market intelligence firm. Today, less than 0.5% are in foreclosure, well below the historic average of between 1% and 1.5%. In addition, 4% of mortgages are delinquent; at the peak of the financial crisis, almost 12% were.

“So, no foreclosure tsunami to worry about,” said Sharga. “That said, there are a few areas of concern. [Federal Housing Administration] delinquencies are over 11%, and account for 52% of all seriously delinquent loans; we’re likely to see more FHA loans in foreclosure in 2026.”

He also noted that states where home prices have been falling while insurance premiums have been soaring — Florida and Texas, in particular — are seeing an uptick in defaults. 

While home prices nationally are easing, they remain stubbornly high. Meanwhile, mortgage rates, which were expected to fall more sharply after the Federal Reserve started to cut rates, are still within a percentage point of their recent highs. Some recent buyers who thought they might have been able to refinance to lower rates by now may be feeling pressure, especially with still stubborn inflation.

Consumer debt is at an all-time high, delinquencies are rising in other types of consumer credit and the job market appears to be weakening — all of which could contribute to cracks in the housing market.

“None of these issues have impacted mortgage performance – yet, but it would be unrealistic to assume that these trends, along with slow home sales and declining home price appreciation, won’t lead to at least a slight increase in delinquencies and defaults in the months ahead,” added Sharga.

Roughly 3,200 Boeing defense workers were voting Thursday on a new contract that could end a more than three-month strike that has delayed the manufacturer’s production of F-15 fighter jets and other programs.

The workers rejected previous offers, with their union saying the proposals failed to address concerns.

The contract proposal the workers are voting on Thursday includes 24% wage increases over five years as well as a $6,000 upfront bonus, up from $3,000, though it gets rid of a previous Boeing proposal for $4,000 in payments later on.

The mostly St. Louis-based workers, represented by the International Association of Machinists and Aerospace Workers District 837, went on strike on Aug. 4, their first stoppage since 1996.

Boeing’s defense unit accounted for about 30% of the $65.5 billion in sales Boeing brought in during the first nine months of 2025.

“The strike impacted our fighter production, so F-15, F-18 mods as well as some of our munitions work,” CEO Kelly Ortberg said at a Morgan Stanley investor conference on Sept. 11.

Boeing brought in non-IAM-represented workers during the strike for some of its products, Ortberg said last month.

If the new contract is ratified, the union workers would return as early as Sunday.

The defense-unit’s comes about a year after more than 32,000 unionized machinists who build commercial aircraft walked off the job for seven weeks after failed contract talks last year.