National foreclosure rate falls to 1.2 percent

  • 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.

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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.