Foreclosure inventory rates continue to decline for 2015
Nation: Foreclosure trends continue a downward trend for the year, with 2015 likely to wrap with rates remaining in decline.
CoreLogic Inc.’s data from 2012 to 2015 show a near 50 percent reduction in active foreclosure inventory.
In 2015, from May to December has seen a decline in foreclosure inventory at an average rate of the mid-20’s percent; with June 2015 marking a lowest level of loans in foreclosure since 2007.
Some of the decline can be attributed to employment and economic gains, while expanding population and thereby needs for homes in areas where work has increased contributing to homes not remaining vacant long enough to impact the foreclosure cycle.
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