This week real estate data powerhouse CoreLogic released their March 2016 National Foreclosure Report which shows national foreclosure inventory declined by 23.2% and completed foreclosures declined by 14.9%, both numbers year-over-year. The number of completed foreclosures nationwide decreased year over year from 42k in March 2015 to 36k in March 2016, representing a decrease of 69.7% from the peak of 117,782 in September 2010.
The national foreclosure inventory stood at 427k homes, representing 1.1% of all homes with a mortgage. March’s foreclosure inventory rate is the lowest for any month since October 2007.
Click here to read the full report on CoreLogic.com.
