Foreclosures Hit 7-Year High: What It Means for You!

Foreclosures Hit 7-Year High: What It Means for You!

From Around the House with Eric G®: Upgrade Your Home Like a Pro by Eric Goranson

July 8, 2026 · 12 min · Season 38 · Episode 2239

About this episode

Eric G discusses the rising foreclosures hitting a seven-year high and its implications for homeowners.

Foreclosures are rising faster than your last attempt at a DIY project gone wrong! Eric G dives into the alarming stats showing foreclosures hitting a seven-year high, and boy, the reasons are as complicated as my Aunt Sally's lasagna recipe. With pandemic relief fading into the rearview, the financial pressures are mounting. We’re talking about skyrocketing costs for everything from groceries to gas, and don’t even get me started on insurance premiums! The reality is hitting hard for many homeowners, especially those who thought they could ride out the storm. As Eric breaks it down, it's not just about the numbers; it's about real families facing the very real threat of losing their homes. But wait, there's more! He also touches on areas where foreclosures are ripping through the market like a hot knife through butter, with places like Lake Charles, Louisiana, seeing a staggering 10% of listings being foreclosures. Is this just the tip of the iceberg, or are we looking at the beginnings of a housing crisis? Stick around as we unravel these complex issues, and keep your ears peeled for some practical advice on navigating the current market. And just when you thought it couldn't…

People in this episode

Host: Eric Goranson

Topics covered

Keywords

Mentioned in this episode

Organizations: Pfizer

Places: Lake Charles, Louisiana

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