Foreclosures jump 20% from a year ago as more people miss mortgage payments
1. Foreclosure filings rose 20% in October, affecting nearly 37,000 properties. 2. Florida has the highest foreclosure rate, impacting SPY and real estate markets. 3. Home-insurance premiums surged 50% over five years, stressing homeowners financially. 4. Labor market weaknesses and federal shutdown contributed to rising foreclosures. 5. Current foreclosure rates are below 2008-09 crisis levels but are growing.