Where is the Foreclosure Inventory?

According to CoreLogic, the foreclosure inventory has been falling for about 15 months. The number of homes in some  stage of foreclosure is down to 1.2 million since January.

Between 2000 and 2006, foreclosures averaged 21,000 per month, before the decline of the housing market. In 2008, 4.2 million homes have been lost to foreclosure according to CoreLogic.

Year over year, there is an increase in six states and 13 out of the 100 metro areas in their foreclosure rate.

For more information you can check out: http://www.dsnews.com/articles/foreclosure-inventory-falls-21-from-year-ago-completed-climb-month-before-2013-02-28

 

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