Two of the top three metro areas in the category of 12-month sum of completed foreclosures were located in Florida: Tampa-St. Petersburg-Clearwater was first with 16,750 and Orlando-Kissimmiee-Sanford was third with 12,970.
Read More »Foreclosure Inventory Rate Drops to Below Pre-Recession Levels
The foreclosure inventory rate has now declined year-over-year for 44 consecutive months, including June. The 1.2 percent foreclosure inventory rate represented about 472,000 homes, down from 664,000 in June 2014. Although the national foreclosure inventory rate is back to pre-recession levels, the rate remains high in select areas hit hardest by the crisis, such as Florida and New Jersey.
Read More »Four Metro Areas Account For 10 Percent of Nation’s Completed Foreclosures
CoreLogic's April 2015 National Foreclosure Report released this week found that four metropolitan areas accounted for 10 percent of the nation's completed foreclosures for the 12-month period ending April 30, 2015. In addition, about 45 percent of the completed foreclosures during that same period occurred in five states.
Read More »Completed Foreclosures Decline But Remain At Double Pre-Recession Levels
"Despite a slow and steady improvement in most housing market fundamentals, too many families remain in default of their mortgage obligations," said Anand Nallathambi, President and CEO of CoreLogic. "The percent of homeowners with a mortgage that have missed three or more monthly payments or are in foreclosure proceedings dropped to 3.6 percent in our April data. While well below the record peak of nearly 9 percent and the lowest in more than seven years, it remains about double the pre-2007 rate."
Read More »Foreclosure Inventory Drops By One-Third Year-Over-Year
Completed foreclosures have totaled approximately 5.5 million nationwide since the height of the financial crisis in September 2008 and have totaled approximately 7 million since homeownership peaked in the second quarter of 2004. January's foreclosure rate of 1.4 percent, meaning 1.4 percent of all residential homes with a mortgage nationwide are in some state of foreclosure, was the lowest level reported since March 2008. Year-over-year, the foreclosure rate was down 0.6 percentage points, from 2.0 percent reported in January 2014.
Read More »Foreclosures Continue Steady Nationwide Decline in December
Foreclosures in the United States have been steadily declining for months nearly every way the numbers are broken down, and December was no exception, according to CoreLogic's December 2014 National Foreclosure Report released Tuesday. Foreclosure inventory nationwide dropped in December down to 552,000 from 840,000 in December 2013, a decline of 34.3 percent. As of the end of December 2014, approximately 1.4 percent of all homes with a mortgage were in some state of foreclosure – a decline from 2.1 percent from the previous December. The current foreclosure rate of 1.4 percent is the lowest level since March 2008.
Read More »Florida Still Tops in Nation for 12-Month Sum of Completed Foreclosures
While foreclosure activity in Florida has been generally declining for the last year, the Sunshine State has still not completely recovered from being one of the states hit hardest by the financial crisis and foreclosure wave, which peaked in 2010.
Read More »Foreclosure Inventory, Completions Still High in Florida Despite Declines
While foreclosure completions and foreclosure inventory followed nationwide patterns of decline in Florida for October, the Sunshine State still led all states in both categories during the month, according to CoreLogic's October 2014 National Foreclosure Report released on Thursday.
Read More »Michigan Sees Surge in 12-Month Sum of Completed Foreclosures
The number of completed foreclosures in Michigan took a huge turn upward for the 12-month period ending October 31, jumping 55 percent from the 12-month total ending on September 30, according to to CoreLogic's October 2014 National Foreclosure Report released on Thursday.
Read More »Five States Account for 44 Percent of 12-Month Foreclosure Sum in September
Just as they did in August, the same five states accounted for nearly half of all completed foreclosures in the U.S. for the previous 12-month period, according to CoreLogic's September 2014 National Foreclosure Report released last week.
Read More »