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Foreclosures fall to bubble-era lows, CoreLogic says

Discussion in 'Real Estate & Other Investments' started by Scorpio, Dec 13, 2016.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Foreclosures fall to bubble-era lows, CoreLogic says

    By Andrea Riquier
    Published: Dec 13, 2016 2:37 p.m. ET







    The housing market is healing, although foreclosures still have room to improve.


    [​IMG]
    The housing market has nearly healed from the wounds of the crisis nearly a decade ago, but some measures of distress still aren’t back to the levels they held before the housing downturn began.

    There were 30,000 completed foreclosures in October, data provider CoreLogic said Tuesday. That’s down 25% compared to a year ago and a whopping 75% lower than the post-crisis peak of 118,287 in September 2010.

    But foreclosures averaged 22,000 per month between 2000 and 2006, CoreLogic noted in a release.

    Foreclosures in five states accounted for 36% of all foreclosures across the country: Florida, Michigan, Texas, Ohio, and Georgia.

    State Completed foreclosures Oct. ‘15-’16 Serious delinquency rate Oct. ‘16

    Florida* 51,256 3.6%
    Ohio* 22,939 3.2%
    Pennsylvania* 19,133 3.4%
    New York* 14,055 5.1%
    New Jersey* 14,046 5.7%
    Indiana* 12,762 2.8%
    Illinois* 12,650 3.0%
    South Carolina* 7,388 2.7%
    Oregon* 7,380 1.8%
    Oklahoma* 7,275 3.1%
    Maryland* 6,775 3.5%
    Wisconsin* 4,807 1.7%
    Louisiana* 4,805 3.8%
    Connecticut* 3,793 3.4%
    Kentucky* 3,569 2.7%
    Kansas* 3,064 2.2%
    New Mexico* 2,009 3.3%
    Delaware* 1,756 3.6%
    Maine* 954 3.7%
    Hawaii* 763 3.1%
    North Dakota* 278 1.0%
    Michigan 28,606 1.7%
    Texas 25,879 2.2%
    Georgia 20,046 2.6%
    California 19,447 1.3%
    North Carolina 14,184 2.4%
    Virginia 11,715 1.8%
    Tennessee 11,265 2.6%
    Missouri 10,546 2.1%
    Washington 10,241 1.6%
    Arizona 8,991 1.3%
    Alabama 8,795 3.1%
    Massachusetts 6,327 2.6%
    Nevada 6,119 2.8%
    Arkansas 4,362 2.9%
    Minnesota 4,247 1.3%
    Colorado 3,498 1.0%
    Iowa 2,926 1.8%
    Idaho 2,429 1.3%
    Utah 1,887 1.2%
    Rhode Island 1,619 3.3%
    New Hampshire 1,457 1.7%
    Nebraska 1,375 1.5%
    Mississippi 885 4.1%
    Wyoming 810 1.8%
    Montana 660 1.2%
    Alaska 622 1.1%
    West Virginia 407 2.7%
    District of Columbia 212 3.1%
    National 411,144 2.5%
    *judicial state

    Since the start of the financial crisis in September 2008, there have been about 6.5 million foreclosures nationally.

    The number of mortgages in serious delinquency, meaning 90 days or more overdue, also fell 25% compared to a year ago in October. There were 1 million mortgages, or 2.5% of all home loans, in serious delinquency, the lowest since August 2007.

    http://www.marketwatch.com/story/foreclosures-fall-to-bubble-era-lows-corelogic-says-2016-12-13
     

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