This week data powerhouse CoreLogic released their June 2016 National Foreclosure Report showing that nationwide foreclosure inventory declined by 25.9% with completed foreclosures declining by 4.9%, compared with June 2015. The actual number of completed foreclosures decreased from 40k in June 2015 to 38k in June 2016 – representing a 67.5% decrease from its peak of 117,813 in September 2010. In addition, the nationwide foreclosure inventory was approximately 375k homes (1% of all homes with a mortgage and the lowest since 10/07) compared to 507k in June 2015. June’s foreclosure inventory rate was the lowest for any month since August 2007.
