Corelogic Chief Economist Dr. Mark Fleming reports that “We are recovering, but we’re not there yet. For every completed foreclosure, there are 954 mortgaged homes in non-judicial foreclosure states and 896 mortgaged homes in judicial foreclosure states. Although this is a big improvement relative to the height of the foreclosure crisis, a healthier ratio would be one of every 2000”
CoreLogic analysis shows 48,000 foreclosures were completed in January 2014, a 19 percent year-over-year decline from 59,000 in January 2013. By comparison, before the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006. On a month-over-month basis, completed foreclosures declined 11.8 percent. Completed foreclosures are an indication of the total number of homes actually lost to foreclosure.
|
Get more details with Corelogic's Free Foreclosure Report |
|
Get Corelogic’s Complete Foreclousre Report at
