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CoreLogic released its April 2015 National Foreclosure Report:

  • Foreclosure inventory declined by 24.9 percent year over year from April 2014 (approximately 694,000 homes) to April 2015 (approximately 521,000 homes).
  • Foreclosure inventory declined by 2.2 percent month over month from March 2014 to April 2015.

CoreLogic FCL Fig 2

  • Completed foreclosures declined by 19.8 percent year over year from April 2014 (approximately 50,000 completed foreclosures) to April 2015 (approximately 40,000 completed foreclosures).
  • Completed foreclosures decreased by 1.1 percent month over month from March 2015 to April 2015.

CoreLogic FCL Fig 1

  • Mortgages in serious delinquency (90 days or more past due) declined by 22.1 percent from April 2014 to April 2015 — the lowest serious delinquency rate since February 2008.
  • Florida, Michigan, Texas, Ohio and Georgia had the most completed foreclosures for the 12 months ending in April 2015. Foreclosures in these five states comprised almost half of all foreclosures in the U.S.
  • South Dakota, the District of Columbia, North Dakota, West Virginia and Wyoming had the lowest number of completed foreclosures.
  • New Jersey, New York, Florida, Hawaii and the District of Columbia had the highest foreclosure inventory as a percentage of all mortgaged homes.
  • Alaska, Nebraska, North Dakota, Colorado and Minnesota had the lowest foreclosure inventory as a percentage of all mortgaged homes.


Quicken Loans released its monthly Home Price Perception Index (HPPI) and Home Value Index (HVI):

  • Appraisers valued homes at 1.15 percent less than homeowner estimates in May 2015 — up from a 0.69 percent gap between appraiser opinions and homeowner estimates in April 2015.
  • Home values increased 0.24 percent in May 2015 from the previous month.
  • Home values increased 4.64 percent in May 2015 from a year earlier.



The MacArthur Foundation How Housing Matters 2015 survey was released today:

  • 61 percent of Americans believe we are either “still in the middle” of the housing crisis (41 percent) or that “the worst is yet to come” (20 percent).
  • 54 percent of respondents said they had to make at least one sacrifice or tradeoff in the past three years to cover rent or mortgage financial responsibilities.
  • 21 percent of Americans took on an additional job or worked more to make mortgage or rent payments, and 17 percent stopped saving for retirement.
  • 73 percent of renters made sacrifices or tradeoffs; 67 percent of millennials and 64 percent of city dwellers also made sacrifices or tradeoffs.
  • 79 percent of Americans said it’s more likely for middle-class people to fall into a lower economic class than for lower economic classes to rise into the middle class. This belief persists across political party, age and income.

Zillow Mortgages released its weekly update:

  • The 30-year fixed mortgage rate is 3.96 percent.
  • The 15-year fixed mortgage rate is 3.09 percent.
  • The rate for a 5-1 adjustable rate mortgage is 3.01 percent.

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