Foreclosure Rates Fall

Foreclosure rates in the U.S. have fallen, according to current data. Home foreclosures decreased 37% year-over-year, averaging 720,000, down from 1.1 million in early 2013. CoreLogic’s most recent National Foreclosure Report states that there were approximately 48,000 complete foreclosures nationally last month, down 5,000 from this time last year. Mark Fleming, chief economist for CoreLogic said, “the inventory of homes in foreclosure and serious delinquency status are back to 2008 levels, yet remain elevated from a historical perspective.” More here

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