Foreclosures Approach Normal Level

Posted To: MND NewsWire

Foreclosures are, at long last, approaching what CoreLogic says was the level in the pre-crisis environment . The company’s November National Foreclosure Report puts the number of foreclosures completed during the month at 26,000, down from 35,000 in November 2015 and only 4,000 more than in a typical month during 2000 to 2006, a difference nearly identical to the decline in completed foreclosure from October to November. November foreclosures were down 78.2 percent from the peak of 118,339 in September 2010. Since the financial crisis began in September 2008, there have been approximately 6.5 million completed foreclosures nationally. Since homeownership rates peaked in the second quarter of 2004, approximately 8.6 million homes have been lost to foreclosure. The five states with the highest…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


Foreclosures Approach Normal Level
Foreclosures Approach Normal Level

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *