Florida Foreclosure Record High in June 2025 Amidst Rising Insurance Costs

A recent report by ATTOM highlights that Florida experienced the most foreclosure activities in June across the United States, with a total of 4,871 filings, equating to one filing per 2,106 housing units. This signifies a notable increase from the previous year and earlier months in 2025. The counties witnessing the highest foreclosures include Charlotte, Polk, Okeechobee, and Osceola.

While national foreclosure activity declined slightly from May to June, it remains 21% higher than the same period a year ago, with over 39,300 filings nationwide. ATTOM's report indicates that although foreclosure starts decreased month-over-month, completed foreclosures rose, marking an elevated activity level compared to last year. Despite these figures, the broader real estate market seems to be stabilizing toward more normalized patterns, with states like South Carolina, Indiana, Nevada, and Illinois following Florida in foreclosure activities.

Eviction foreclosure filings in Florida spiked by 24% in March compared to the previous year, according to the Shimberg Center for Housing Studies, which reported 3,628 filings in that month, up by 883 cases from the previous year. This continues an upward trend observed from a 19% increase in eviction foreclosures from 2024 to 2025. Additionally, insurance costs remain a significant factor in Florida's housing challenges. The state holds the highest median homeowners insurance costs among mortgaged properties in 2023, at $2,273 annually, according to U.S. Census Bureau data.

The state ranks second nationally in homeowners insurance premium volume, with $23.8 billion in premiums written, comprising over 10% of the nation's total, as reported by the NAIC. The U.S. Treasury's analysis showed homeowners insurance premiums increased 8.7% faster than the inflation rate from 2018 to 2022, particularly in regions with high risks of climate-related losses.