Foreclosure rates rise in Florida.
Florida had the most foreclosures in May, with Palm Bay being one of the worst metro areas affected. Foreclosure-related filings were up 7% nationally, with some attributing it to the end of financial assistance programs like mortgage forbearance. The cost of living in Florida has also spiked since COVID-19, lowering the inflation-adjusted income for workers. The Housing Foundation of America is a nonprofit organization helping people facing foreclosure, and some local resources are available for mortgage/foreclosure-prevention funding and assistance.