Completed foreclosures tick up in March

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Completed foreclosures edged up 6 percent month over month in March to 55,000, but were down by 16 percent on an annual basis and 52 percent from their housing-crisis peak in 2010, CoreLogic reported today.

The number of homes in some stage of foreclosure decreased by 1.9 percent month over month to 1.1 million, down from 1.5 million the same time last year.

“For 17 consecutive months, foreclosures have declined year over year across the U.S,” said Anand Nallathambi, president and CEO of CoreLogic. “Although we still have more than a million homes in some stage of foreclosure, this trend, combined with rising home prices, is another signal of a gradually improving housing market.” Source: CoreLogic