Housing/CRE distress: Foreclosures surge, mortgage rates up, affordability crisis

Foreclosures up 21% H1 2026, but equity cushion prevents 2008-scale crisis. CMBS office delinquency at all-time high. Mortgage rates at 6.69% for fifth week. NY Fed household debt falls $13B in Q2 but credit card/auto debt rise. Auto delinquencies at recession levels. Evictions rising in Washington state.