LA foreclosure improvement better than average, CoreLogic says

LA placed sixth in decreasing foreclosures among the 10 major metros studied
  • 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.
  • L.A.'s foreclosure statistics were similar to the rest of California's, with the same foreclosure inventory (0.4 percent) and nearly the same delinquency rate (1.6 percent) in May.

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.