Trendsetters, take note: The numbers show 2015 is the new 2007, at least when it comes to foreclosure rates. According to CoreLogic’s November National Foreclosure Report, improved economic conditions and a decline in national unemployment levels have helped pushed the foreclosure rate to its lowest record in about eight years.
- Improved economic conditions and a decline in national unemployment levels have pushed the foreclosure rate to its lowest record since November 2007.
- October 2015 was the 48th consecutive month that CoreLogic has reported a year-over-year foreclosure decline.
- Some states are faring better than others. Although 29 states have a foreclosure rate that dips below the national level, others reported having less than 1 percent of all mortgages in foreclosure.