New foreclosures jump 20% in October, a sign of more distress in the housing market
1. Foreclosures rose 3% in October, signaling housing market stress. 2. 36,766 properties faced foreclosure filings, marking an annual increase of 19%. 3. Completed foreclosures jumped 32% year-over-year, indicating market adjustment. 4. Florida, South Carolina, and Illinois led in foreclosure filings. 5. High consumer debt and looming inflation may pressure housing further.