For several reasons foreclosures are still very low. These range from people having good appreciation that was built up over the COVID years (so they can just sell if they get in a bind financially) to it being more difficult to get money from lenders which means buyers are more qualified than they had been in the past thus they are more able to make their mortgage payments.
Keeping Current Matters shared the following chart to illustrate how delinquencies are on a decline. Point being, if you are waiting for a housing market crash due to foreclosures it won't happen anytime soon.