For the last five to six years, the number of foreclosures has been steadily declining since hitting a peak. December 2015’s total of 32,000 completed foreclosures represented a decline of nearly 73 percent from their monthly peak of 118,000 reached in September 2010, according to the latest data from CoreLogic. The elevated foreclosure numbers in…
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Distressed Home Sales (REO and Short Sales) Drop to Lowest Level in 7 Years
Sales of distressed homes (REO and short sales) fell to their lowest level in seven years and foreclosure inventory dropped by 34% year-over-year in December 2014, according to CoreLogic's February 2015 The MarketPulse report released on Tuesday. Distressed home sales (REO and short sales) made up 12.8% of total home sales in December 2014, the…
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Mortgage Delinquency Rate Predicted to Fall to Pre-Recession Level by End of 2015
The nation's mortgage loan delinquency rate is expected to fall down to 2.51 percent by the end of 2015, its lowest level since prior to the housing bust, according to data released by TransUnion on Wednesday. TransUnion predicted that the mortgage loan delinquency rate, which is the ratio of borrowers 60 or more days past…
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Home Flipping Drops to Five-Year Low in Q3
Home flipping sales declined nationwide both quarter-over-quarter and year-over-year, hitting their lowest level since the second quarter of 2009, according to RealtyTrac's Q3 2014 U.S. Home Flipping Report released today. The number of home flipping sales, or those in which a home is purchased and sold within 12 months, represented 4 percent of all single-family…
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