Markets & Economy

Market update June 9, 2015: CoreLogic foreclosure report, home price perception and more

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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. 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. 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. ...