U.S. Home Foreclosures Rise Amid Affordability Crisis

February saw an 8% increase in foreclosure filings nationwide, signaling a deepening housing affordability issue.

Foreclosure filings in the U.S. increased by 8% in February, with 32,938 properties affected.
States like South Carolina, Missouri, and Pennsylvania experienced significant surges in foreclosures.
The typical salary required for homeownership has skyrocketed to $106,500, a 61% increase from four years ago.
Mortgage rates remain high, nearly double compared to three years ago, exacerbating the affordability crisis.
Despite the rise in foreclosures, the numbers are still below the levels seen during the 2008 financial crisis.