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Tag Archives: foreclosure rate

Foreclosure Rates: Back to the Future

foreclosure and claim preclusion

A new report revealed that foreclosure rates are down to pre-crisis levels for the first time since the recession. Here is a look at other major performance metrics and their impact on the housing market.

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Aside from Completed Foreclosures, the News in Florida is All Good

The Sunshine State has fallen to third in foreclosure inventory rate (2.6 percent) behind New Jersey (4.6 percent) and New York (3.7 percent) and is getting closer to the national average, which was 1.2 percent during September. Florida had the highest decline of any state in foreclosure inventory year-over-year in September—a 42.3 percent drop, from 4.4 percent in September 2014.

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Report: Foreclosure Rate in Judicial States More Than Triple That of Non-Judicial States

The foreclosure rate in judicial states was more than triple the rate in non-judicial states in January (2.4 percent compared to 0.7 percent, according to CoreLogic). New Jersey, a judicial foreclosure state, led the pack in foreclosure rate with 5.2 percent of all residential homes with a mortgage in some state of foreclosure during January. Second was New York, another judicial foreclosure state, with 4.0 percent.

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