May 21st, 2016 7:47 PM by Neal Spurlock
Recently, there has been a lot of talk about the size of the
foreclosure inventory in the nation. There has been some speculation
that distressed property inventories are about to skyrocket. Today, we
want to reveal what is actually taking place in this segment of the
CoreLogic, in their most recent National Foreclosure Report,
reported that foreclosure inventory has decreased by 23.2% since this
time last year. The report also showed that foreclosure inventory has
decreased in 49 of the 50 states and that 45 states have posted a
year-over-year, double-digit decline (see chart below).
Other findings in the report:
foreclosures do remain in the market, the number is dramatically
decreasing. The fact that mortgage delinquency rates are also decreasing
means the worst of the foreclosure crisis is in the rearview mirror.