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Foreclosure Normalization: An End that Never Comes
Tuesday, September 8, 2015
Foreclosure statistics continue to fall, month after month
but seemingly never reach bottom or even normal levels. Anyone care to revisit Zeno's Third Paradox?
Snark aside, it is good news that July was another month that
saw an ebbing role for foreclosures in housing.
CoreLogic's National Foreclosure
Report shows the month with significant declines in both completed
foreclosures and legal actions in process compared to a year earlier and what
are becoming typical month-over-month declines.
Completed foreclosures numbered 38,000 in July compared to
50,000 a year earlier, an annual decrease of 24.4 percent.
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