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CoreLogic: Foreclosure Inventory Heading Below Half Million

Wednesday, January 14, 2015

Foreclosures, while now down 64 percent from the peak reached in September 2010, are still nearly double the monthly average before the housing crisis.  CoreLogic said today that there were 41,000 completed foreclosures nationally in November, 5,000 less than in October, a decline of 12.6 percent. The company said, in its monthly National Foreclosure Report, that there have been approximately 5.6 million homes lost to foreclosure since the crisis began in September 2008.  In the more normal period of 2000 to 2006 foreclosures averaged 21,000 per month nationwide.

The five states with the highest number of completed foreclosures for the 12 months ending in November 2014 were: Florida (118,000), Michigan (50,000), Texas (36,000), California (29,000) and Ohio (29,000). These five states accounted for almost half of the nation's total. 

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