This week data powerhouse CoreLogic released their National Foreclosure Report showing that there were 36k completed foreclosures in September, down 69.7% from one year ago. Nationwide there were approximately 340k homes in foreclosure (down 31.1% year over year) representing 0.9% of all homes with a mortgage. The five states (representing 36% of all foreclosures) with the largest number of foreclosed homes were; Florida (53k), Texas (27k), Michigan (27k), Ohio (23k) and Georgia (21k).
“Completed foreclosures have fallen by a total of more than 100,000 homes during the 12 months prior to September 2016,” said Anand Nallathambi, president and CEO of CoreLogic. “The decline in foreclosures is one of the drivers in the drop in vacancies, which is positive for homeowners and communities. Heading into 2017 we see that prices, performance and production – the three most important drivers of the real estate market – are all improving.”
Click here to read the full report on CoreLogic.com.
