Hurricane season may be winding down, but Tampa’s housing market is getting battered by its own perfect storm.
New foreclosure data shows the Florida city now has the highest foreclosure rate of any major US metro.
One in every 1,373 homes received a filing - the first step in the process, when a lender warns a borrower they're in default - in October, far worse than any other city with a population above one million.
Foreclosures in general are up in America. In October alone, there were 36,766 national foreclosure filings. That's up 19 percent from a year ago.
Tampa’s spike is particularly alarming. The city had 1,087 total foreclosure filings in October. That is significantly more than the 366 in October 2024.
Analysts at ATTOM say Tampa's increase is partly explained by the addition of backlogged records from Hillsborough County, but the city's foreclosure numbers have been high in recent months as well.
And foreclosures are only one piece of the city's deepening housing slump.
Local real estate agent Jeff Lichtenstein of Echo Fine Properties told the Daily Mail that Tampa's troubles come down to four main issues.
Tampa (pictured) posted the highest foreclosure rate in October 2025 of all major metro areas in the United States

October Foreclosure Filings Jump 20% YoY
Tyler Durden's Photo
by Tyler Durden
Saturday, Nov 15, 2025 - 06:05 PM
Last month we noted that US foreclosure filings jumped 17% in Q3 of 2025 vs. Q3 2024, with Florida, Nevada, South Carolina, Illinois and Delaware leading the pack, based on research by ATTOM.

The Tampa Slumlord is no doubt watching with glee.

quote:

Originally posted by Jefiner:
The Tampa Slumlord is no doubt watching with glee.

Florida is fast becoming a seller's market.

quote:

Originally posted by MAXIMUS PANDAMONIUS:

quote:

Originally posted by Jefiner:
The Tampa Slumlord is no doubt watching with glee.

Florida is fast becoming a seller's market.

Do you even know what a "seller's market" is?

If there are lots of foreclosures, that means that the market will be flooded with available properties, thereby driving prices *DOWN*.

That would make for a buyer's market (cheaper to buy).

quote:

Originally posted by Brutus:

quote:

Originally posted by MAXIMUS PANDAMONIUS:

quote:

Originally posted by Jefiner:
The Tampa Slumlord is no doubt watching with glee.

Florida is fast becoming a seller's market.

Do you even know what a "seller's market" is?

If there are lots of foreclosures, that means that the market will be flooded with available properties, thereby driving prices *DOWN*.

That would make for a buyer's market (cheaper to buy).

Sorry, I fuk..ed up. I meant buyers market.