Friday, April 4, 2014

Foreclosure and Shadow Inventory Decline

Foreclosure and Shadow Inventory Decline 
In the month of February 43,000 foreclosures were completed, according to monthly National Foreclosure Report. Completed foreclosures decreased from January by 13.1 percent, as well as falling year over year by 15 percent. Foreclosure inventory also declined, posting a monthly decrease of 3.3 percent for a total of 752,000 homes in some stage of the foreclosure process. February's drop makes 28 consecutive months inventory has declined year-over-year basis. 30 year fixed-rate mortgage came up.

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