California foreclosure inventory among the lowest in the nation

High foreclosure volume doesn't always mean a high rate in large states like California
  • The national foreclosure rate in July was the lowest since August 2007.
  • California's foreclosure inventory was just 0.3 percent in July.
  • The San Francisco-Redwood City-South San Francisco area held an extremely low foreclosure inventory rate of 0.1 percent.
  • The Los Angeles-Long Beach-Glendale metro was also low in July, at 0.4 percent, which was down 32.7 percent year-over-year.

After years of consistent improvements, the national foreclosure rate is at its lowest level in nine years, according to CoreLogic’s July 2016 National Foreclosure Report.