San Francisco foreclosure improvement tops major metros

SF has the highest decreasing foreclosure rate 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.
  • San Francisco foreclosure statistics were some of the best in the nation, with a foreclosure inventory of 0.1 percent and a delinquency rate of 0.6 percent.

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.