Skip to main content

US Foreclosure Activity and Inventory Fall

The number of completed foreclosures in the U.S. decreased 20 percent in June from the same time last year, according to the latest data from CoreLogic.

The data also showed positive signs for the foreclosure inventory in the U.S. In June, there were about one million homes in some stage of foreclosure, a 28 percent decrease from a year ago. A record decrease in June's foreclosure inventory was also reported by RealtyTrac. 

"So far this year, distressed inventories have fallen dramatically, down 14.4 percent, and serious delinquencies are down 15.9 percent," Dr. Mark Fleming, chief economist for CoreLogic, said in the release. 

There were 68,000 foreclosures in June, a 2.5 percent increase from the previous month. In comparison, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.  

"The improvement is broad-based, with 49 states posting a year-over-year decline in foreclosure rates in June," Anand Nallathambi, president of CoreLogic, said in the release. "The housing market is clearly on the mend, but we expect the ultimate conclusion of the present housing down cycle to be another several years away." 

The June foreclosure inventory represented 2.5 percent of all mortgaged homes, compared to 3.4 percent last year, the firm said.  

Popular posts from this blog

The top 5 mistakes people make selling their homes. Team Thayer Official Oregon Real Estate News.

5 home selling mistakes with Team Thayer 1. Trying to sell your home yourself In this DIY era, the urge to try to sell your home yourself to save money can beckon like the smell of oven-fresh cookies at an open house. Resist.  Working with a licensed agent  helps ensure you’re not leaving money on the table as a result of an off-target listing price or a mistake in the many steps that lead to a final sale. Sell your sofa yourself online. List your home with a professional. 2. Picking the wrong Realtor Not all agents are equal. Just because your college buddy dabbles in the industry doesn't mean he’s the best guy to sell your home. You want experience. You want to  work with an agent  who has a depth of knowledge. Invite your buddy to the house-warming party.  Find an agent  who can truly perform. Do you research.  Top Home Sales Mistakes 3. Pricing your home too high Sometimes it’s good to aim high. But when you’re setting a price for your home, it’s better to b

UFC 227 play-by-play and live results #UFC #MMA #UFC227

LOS ANGELES – MMAjunkie is on scene and reporting live from today’s UFC 227 event, and you can join us for live play-by-play and official results beginning at 6:30 p.m. ET (3:30 p.m. PT). The event takes place at Staples Center in Los Angeles. The main card airs on pay-per-view following preliminary-card bouts on FX and UFC Fight Pass. In the main event, bantamweight champion T.J. Dillashaw (15-3 MMA, 11-3 UFC) rematches former champ and ex-teammate Cody Garbrandt (11-1 MMA, 6-1 UFC) for the title. In the co-feature, flyweight champion Demetrious Johnson (27-2-1 MMA, 15-1-1 UFC) has a rematch with Olympic gold medalist and former title challenger Henry Cejudo (12-2 MMA, 6-2 UFC). Follow along with our round-by-round updates and official results beginning at approximately 6:30 p.m. ET for the UFC Fight Pass prelims, 8 p.m. ET for the prelims on FX, and 10 p.m. ET for the main card on pay-per-view. To discuss the show, be sure to check out our  UFC 227 discussion thread . You can als