Data from CoreLogic shows 54,000 homes were lost to foreclosure in February of this year, a 7 percent decline from January’s downwardly revised 58,000.
The data provider reported a steeper 19 percent year-over-year decrease for completed foreclosures.
“February’s 54,000 completed foreclosures is the lowest level nationally since September 2007, with most major metropolitan areas experiencing improvements,” said Dr. Mark Fleming, chief economist for CoreLogic.
Although completed foreclosures are lower than their year- and month-ago figures, the number is still elevated compared to pre-crisis levels when completed foreclosures averaged 21,000 between 2000 and 2006. CoreLogic also found a declining trend in foreclosure inventory, or homes in the foreclosure process. Read more ...
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