Decline in Home Values at Auctions in 2024
April 30, 2025
In the last quarter of 2024, primary residences that were auctioned lost 27% of their value. Specifically, they were sold significantly below their estimated market values. Despite the new options available for borrowers to avoid foreclosures, they appear not to be taking advantage of them. There are legal provisions in place to assist borrowers with repayment issues.