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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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