Foreclosure Rates Remain Low

New data released from CoreLogic shows the number of foreclosed homes has remained unchanged from March to April. Both months had approximately the same amount of completed foreclosures, averaging around 52,000. Although foreclosures have not fallen continuously from month to month, they have decreased 16% from April 2012. The chief executive officer of CoreLogic, Anand Nallathambi said, “fewer distressed properties, combined with improving home prices and a pickup in home purchases are significant signals that the ongoing recovery in the housing and mortgage markets continues to gather steam.” More here

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