If you need assistance, please call 407-513-4724

Foreclosure Inventory Down 34.3% from Last Year

Thursday, February 12, 2015   /   by Matthew Freda

Foreclosure Inventory Down 34.3% from Last Year

Foreclosure Inventory Down 34.3% from Last Year




Foreclosure Inventory Down 35.5% from Last Year | Simplifying The Market


According to the latest CoreLogic National Foreclosure Report“approximately 552,000 homes in the US were in some state of foreclosure as of December 2014”. This figure is down 34.3% from the 840,000 homes in December of 2013. December marked the 38th consecutive month in which there were year-over-year declines.


Anand Nallathambl, the President and CEO of CoreLogic, is hopeful for the future, saying:



“At current foreclosure rates, we expect to see the foreclosure inventory in the U.S. drop below 500,000 homes sometime in the first quarter of 2015 which would be another milestone in the healing of the housing market.”



The map below shows the percentage of foreclosure inventory in each of the 50 states and Washington, D.C. Thirty-six states have inventory below the national rate of 1.4% and can be seen in two shades of green.


CoreLogic Foreclosure Inventory | Simplifying The Market


Bottom Line


Even though some states have not recovered completely from the foreclosure crisis, the nation as a whole is on the right track as inventory decreases.


eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

© 2020 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.9/28/2020 12:19 PM CST
This site powered by CINC: www.cincpro.com