This week property information provider CoreLogic released their November 2015 Foreclosure Report which shows that foreclosure inventory declined by 21.8% and completed foreclosures declined by 18.8% compared with November 2014. The number of completed foreclosures decreased year over year from 41k in November 2014 to 33k in November 2015. The number of completed foreclosures in November 2015 was down 71.6% from the peak of 117,657 in September 2010.
Some key takeaways:
- The five states with the highest number of completed foreclosures for the 12 months ending in November 2015 were Florida (83k), Michigan (51k), Texas (29k), California (24k) and Georgia (24k). These five states accounted for almost half of all completed foreclosures nationally.
- Four states and the District of Columbia had the lowest number of completed foreclosures for the 12 months ending in November 2015: the District of Columbia (78), North Dakota (225), Wyoming (543), West Virginia (565) and Hawaii (686).
- Four states and the District of Columbia had the highest foreclosure inventory rate in November 2015: New Jersey (4.4%), New York (3.5%), Hawaii (2.5%), Florida (2.4%) and the District of Columbia (2.4%).
- The five states with the lowest foreclosure inventory rate in November 2015 were Alaska (0.3%), Minnesota (0.3%), Arizona (0.4%), Colorado (0.4%) and Utah (0.4%).
