National foreclosure inventory drops more than 25% annually

  • In June, 375,000 homes were in some state of the foreclosure process.
  • Foreclosure inventory was down 25.9 percent year-over-year in June.
  • June’s number of lost homes due to foreclosure marks a 67.5 percent drop from the national peak in September 2010.

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Consistent with reports that we are once again in a booming housing market, housing data firm CoreLogic reports foreclosure inventory was down 25.9 percent year-over-year in June. Foreclosure inventory is defined as the number of homes at some stage of the foreclosure process.