Posts Tagged foreclosures

Distressed Home Sales Drop to 9-Year Low

House with for sale sign out front

As the U.S. housing market continues to build strength, the amount of distressed home sales continues to plummet. According to data from a recent CoreLogic report, all-cash sales represented 31.1 percent of total home sales recorded in August. This represents a decline of 1.5 percentage points from August 2015.

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National Foreclosure Inventory Down 24.5%

foreclosed house

The number of foreclosed homes has been dropping steadily over the last few years and it seems the numbers keep moving down, thanks to improvements in the nation’s economy. According to CoreLogic’s May 2016 National Foreclosure Report, the foreclosure inventory for the US fell 24.5 percent and completed foreclosures dropped 6.9 percent from a year ago. “The number of completed foreclosures nationwide decreased on a year over year basis from 41,000 in May 2015 to 38,000 in May 2016, representing a decrease of 67.9 percent from the peak of 117,813 in September 2010,” CoreLogic stated in a July 12 press

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U.S. Foreclosure Inventory Declines in March

home foreclosed

The national foreclosure inventory dropped 23.2 percent in March from a year ago, indicating a thinning out of distressed homes in the U.S. housing market. According to CoreLogic’s March 2016 National Foreclosure Report, completed foreclosures declined by 14.9 percent compared with March 2015. The number of completed foreclosures nationwide decreased year over year from 42,000 in March 2015 to 36,000 in March 2016, representing an impressive 69.7 percent drop from the peak of 117,782 in Spetember 2010.

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