Foreclosure filings in November jumped 21% from last year, while completed foreclosures surged 26% year-over-year, according to real estate data firm ATTOM.

Despite the double-digit increases across all categories nationwide, housing market experts say these statistics represent a return to normal market conditions rather than a warning sign of impending crisis.

"The thing to keep in mind about these foreclosure rates is that foreclosures were kept artificially low throughout the pandemic," said Jeff Ostrowski, housing market analyst at Bankrate.

The upward trend has continued for nine straight months, but the increases come from historically low baselines established during the pandemic when foreclosure moratoriums were in place.

"The reason it's not dire is that if you're starting wi

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