CoreLogic Reports 26th Straight Month of Foreclosure Declines

CoreLogic’s most recent National Foreclosure Report announced that foreclosures across the U.S. have fallen 14% between December 2012 and December 2013. This marks 26 consecutive months of falling foreclosure rates and 15 straight months of year-over-year declines.

These statistics show that the housing market is improving, despite the disappointing pending home sales report from the National Association of Realtors. Further findings from the CoreLogic report showed that, in December 2013, foreclosure inventory fell 31% and the number of serious delinquencies dropped by 25% to its lowest level since November 2008.

New York currently has one of the worst serious delinquency rates at 7.9%, followed by Florida (11.2%) and New Jersey (10.5%). Despite Florida’s nation-high foreclosure rate, it had the largest percentage point decline from a year ago at 3.6%. The states with the lowest rates of foreclosure were Wyoming, Arkansas and North Dakota.

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