CoreLogic Reports Foreclosures Fall Again

CoreLogic reported that for the month of October 2016, only 30,000 U.S. home foreclosures were completed, which is down 3.6% from September 2016 and down 24.9% from a total of 40,000 in October 2015. Home values posted an annual 5.8% rise through September in the CoreLogic Home Price Index.
CoreLogic also reports that the current foreclosure inventory totals only 0.8% of all homes with a mortgage in the United States, which is down 0.4 points compared with October 2015.
The number of U.S. homes currently in some stage of foreclosure has fallen 31.5% from October of 2015. The total number of homes in some stage of foreclosure for October 2016 were approximately 328,000; this compares with 479,000 which were reported in October 2015.
States with the Highest Foreclosure Percentages
New Jersey (2.8%)
New York (2.7%)
Hawaii (1.7%)
Maine (1.7%)
D.C. (1.6%)
States with the Lowest Foreclosure Percentages
Arizona (0.3%)
Colorado (0.3%)
Michigan (0.3%)
Minnesota (0.3%)
Utah (0.3%)
States with the highest number of completed foreclosures in the past 12 months:
Florida (51,000)
Michigan (29,000)
Texas (26,000)
Ohio (23,000)
Georgia (20,000)

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