National Foreclosure Inventory Down 23.8 Percent from December 2014
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, released today its December 2015 National Foreclosure Report, which shows that the foreclosure inventory declined by 23.8 percent, and completed foreclosures declined by 22.6 percent compared with December 2014. The number of completed foreclosures nationwide decreased year over year from 41,000 in December 2014, to 32,000 in December 2015. The number of completed foreclosures in December 2015 was down 72.8 percent from the peak of 117,722 in September 2010.
The foreclosure inventory represents the number of homes at some stage of the foreclosure process, and completed foreclosures reflect the total number of homes lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 6.1 million completed foreclosures across the country, and since homeownership rates peaked in the second quarter of 2004, there have been about 8 million homes lost to foreclosure. (more…)