Foreclosure Starts Retreat After Spiking
The number of foreclosure starts nationwide did an about-face in February after jumping to their highest level in 13 months in January. Foreclosure
starts dropped by 15 percent month-over-month in February, down to
79,700, the lowest level since November 2014 and their third lowest
total for any month in at least seven years, according to Black Knight. In addition to the decline foreclosure starts experienced. In February,
a couple of other foreclosure statistics dropped to pre-recession
levels for the month. Foreclosure inventory fell below 800,000 (a nearly
30 percent decline) for the first time since December 2007, Learn more watch our video.
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