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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Foreclosure Inventories Continue to Fall – Down 35% Year Over Year
CoreLogic published its monthly National Foreclosure Report with data from June 2014, which indicates that foreclosure inventory is down 35 percent from June last year. Foreclosures fell from 54,000 to 49,000 on a year-over-year basis. The report further indicated that foreclosure inventory in the United States shrank for 17 consecutive months as of June 2014 and fell…
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Housing Inventory Continues Fall in January
Housing inventory declined more than 9 percent over the month of January in the 19 markets in which online real estate brokerage Redfin has a presence, according to the company’s Real-Time Price Tracker for January. The decline marks the fourth consecutive monthly drop in inventory, according to Redfin. "A year ago, we didn't think inventory could go…
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