Foreclosure Inventory Down 34 Percent From Last Year

Dated: 03/04/2015

Views: 320

by the kcm crew feb 11th 2015


According to the latest CoreLogic National Foreclosure Report“approximately 552,000 homes in the US were in some state of foreclosure as of December 2014”. This figure is down 34.3% from the 840,000 homes in December of 2013. December marked the 38th consecutive month in which there were year-over-year declines.


Anand Nallathambl, the President and CEO of CoreLogic, is hopeful for the future, saying:

“At current foreclosure rates, we expect to see the foreclosure inventory in the U.S. drop below 500,000 homes sometime in the first quarter of 2015 which would be another milestone in the healing of the housing market.”

The map below shows the percentage of foreclosure inventory in each of the 50 states and Washington, D.C. Thirty-six states have inventory below the national rate of 1.4% and can be seen in two shades of green.

CoreLogic Foreclosure Inventory | Keeping Current Matters

Bottom Line

Even though some states have not recovered completely from the foreclosure crisis, the nation as a whole is on the right track as inventory decreases.

Blog author image

Jason DePaz

Jason has been a real estate broker since 2005 and has continued to sharpen his skills to become one of the most outstanding agents in Portland. Working with Jason you will find that he is an excelle....

Want to Advertise on this Site?

Latest Blog Posts

Portland Real Estate Market 2019

So how is the real estate market as of late...the numbers tell you things have cooled a bit.  Will we see an uptick with the freshly lowered interest rates.  Only time will tell. ;

Read More

How About A Little PDX Brain Candy

1. After getting lost in Indiana and making a 2,800 mile trip, Bobbie the Wonder Dog found his way back to his owner in Oregon in a true “Homeward Bound” story. He’s now buried at the Oregon

Read More

Closing Should Not Be Surprising

There are many potential homebuyers, and even sellers, who believe that they need at least a 20% down payment in order to buy a home or move on to their next home. Time after time, we realtors have

Read More

We Get It No One Likes Interest Rates

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison

Read More