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Foreclosure Inventory Lowest since 2007

Thursday, April 14, 2016

Foreclosure activity continues to decline but the change year-over-year in February was minimal, actually smaller than the decrease from January to February, and completed foreclosures remain more than 50 percent higher than before the housing crisis.  CoreLogic said that there were 34,000 completed foreclosures in February compared to 38,000 in February 2015 a decline of 10 percent.  On a month-over-month basis foreclosures declined by 13.9 percent from the revised January 2016 estimate of 39,000 foreclosures. 

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