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Repo Rewind
Stimulus cash dried up, rates stayed high, and now the bank wants its house back
Splits and Caps Daily: Action for Agents
October 13, 2025
📈 Market Move:
Forbearance Fadeout
Foreclosures are creeping back. After a few chill years fueled by stimulus money and pandemic protections, the safety net’s officially gone — and the data’s catching up.
Here’s the deal: Foreclosure filings jumped 17% year-over-year. Bank repos (REOs) are up 33%. Translation: more people are losing homes, and the pipeline’s filling fast.
The hot zones? Big states with big housing markets — Texas, Florida, and California — are leading the charge. Houston’s topping the list with nearly 4,000 foreclosure starts, followed by NYC, Chicago, Miami, and LA. Florida’s cities are looking especially rough — Lakeland, Cape Coral, Ocala — each seeing about 1 in every 500 homes under distress.
What’s driving it: the triple-whammy of high rates, high prices, and high insurance costs. Those pandemic savings? Gone. Forbearance programs? Over. Now the real economy’s doing the filtering — and it’s showing who was swimming naked when the tide went out.
Oh, and lenders are speeding up the process too — foreclosures now take ~600 days instead of 800+. That means the pain hits the market faster.
TL;DR: The “everything’s fine” housing calm is cracking. The question now is — is this the start of a wave, or just a reset to normal?
🌟Quote of the Day:
“Happiness is not something ready made. It comes from your own actions.” — Dalai Lama
📊🤔 Agent Poll Results
On 10/10, we asked: If the market stays quiet for the next month, what’s your move?
The results are in!
A) Double down on prospecting — someone’s gotta make a deal happen: 66.7%
B) Chill and wait for buyers to come to you: 0%
C) Get creative with marketing — open houses, socials, weird little stunts: 16.7%
D) Start secretly planning my escape… jk, maybe: 16.7%
You do you!
🎉 Fun Fact of the Day:
Pink Palace: 🏰 There’s a pink castle in Scotland nicknamed Barbie’s Dream Castle — built 400 years before Barbie existed.
📚 Book Recommendation:
“The Personal MBA” by Josh Kaufman — Forget dropping six figures on business school — this book is your MBA. Josh Kaufman took the best lessons from the world’s top programs, stripped out the fluff, and turned it into a playbook for actually understanding how business works.
It’s like learning the “rules of the game” — how money flows, how people make decisions, and how to spot opportunities everyone else misses. Whether you’re running a team, building a brand, or just trying to level up your thinking, this book turns business theory into street smarts.
Read one chapter a day and you’ll start seeing the world like a CEO — without ever sitting through a PowerPoint on “synergistic frameworks.”
Another day, another win in the bank.
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