Foreclosure Rates Are Up 248% in CA

February 18,2025 | Posted By Dinorah Carmenate in re

While this high foreclosure rate is in the commercial real estate space and does not impact most of us, overall it does impact the real estate market.

Before the mortgage housing meltdown of 2008, commercial real estate loans were the first loans in foreclosure so it is always smart to keep an eye on the entire real estate market.

While the real estate market for houses has been robust and continues to increase in value year-over-year, these foreclosures could affect housing if the banks start having to take back through foreclosure these large commercial properties.

I have read many articles that state that local governments are thinking of converting these commercial buildings into housing which is great. We will have to wait and see what truly happens and how this affects residential real estate. I’ll keep you informed as things progress.

This short article will explain why commercial real estate is going through this change and in the end, I think it may be a great change overall, especially if they create more and much needed housing.

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Source: Benzinga