This week data-powerhouse CoreLogic released their December 2015 national Foreclosure Report showing that foreclosure inventory declined by 23.8% and completed foreclosures declined by 22.6% compared with December 2014. The number of completed foreclosures nationwide decreased year over year from 41k in December 2014 to 32k in December 2015. The number of completed foreclosures in December 2015 was down 72.8% from the peak of 117,722 in September 2010.
Key takeaways:
- The five states with the highest number of completed foreclosures were Florida (79k), Michigan (50k), Texas (30k), Ohio (24k) and Georgia (24k). These five states accounted for almost half of all completed foreclosures nationally.
- The five states with the lowest foreclosure inventory rate in December 2015 were Alaska (0.3 percent), Minnesota (0.3 percent), Colorado (0.4 percent), Arizona (0.4 percent) and Utah (0.4 percent).
