Foreclosures Fall to 45,000 Units

According to data released by CoreLogic, completed foreclosures decreased to 45,000 units in December 2013, a 14% fall from the previous year, but still considered high when compared to pre-recession foreclosure rates. The president and chief executive officer of CoreLogic, Anand Nallathambi said, “clearly, 2013 was a transitional year for residential property in the United States. Higher home prices and lower shadow inventory levels, together with a slowly improving economy, are hopeful signals that we are turning a long-awaited corner.” The National Foreclosure Inventory listed 12 states with the lowest foreclosure rates. Wyoming, Alaska, and North Dakota were the top three states with the lowest foreclosure rates. More here

Leave a Reply

Your email address will not be published. Required fields are marked *