While still at an elevated level, foreclosure inventory is fading and has fallen for 15 straight months as of January 2013, CoreLogic reported Thursday.
According to the data provider’s foreclosure inventory report, the number of homes in some stage of the foreclosure process is now down to 1.2 million as of January. Year-over-year, foreclosure inventory has fallen 21 percent from 1.5 million. Month-over-month, foreclosure inventory shrunk by 3.3 percent. At the same time, foreclosure inventory accounted for 2.3 percent of all homes with a mortgage, down from 3.5 percent in January 2012. Read more..
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