Although still double the long-term average of 0.5 percent, the national foreclosure rate continued to fall to 1 percent in May, with many states seeing better outlooks than the national average in CoreLogic’s May 2016 National Foreclosure Report.
- Twenty-nine states had foreclosure rates below the national average.
- There were 38,000 completed foreclosures in May 2016, according to CoreLogic – up 5.5 percent from April 2016, but down 6.9 percent year-over-year.
- As of May 2016, Washington D.C.'s foreclosure inventory was at 2 percent, and its serious delinquency rate was 3.5 percent, both of which are higher than national averages.
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Inman Connect New York | January 29 - February 1, 2019