By Jann Swanson | Mortgage News Daily
CoreLogic reported on Tuesday that all major indicators of housing distress declined by double digits over the last year. The company’s August National Foreclosure Report has most of those measures back to levels of the early days of the housing crisis.
The foreclosure inventory, the number of properties in an active state of foreclosure, is now 351,000. This is a decrease of 29.6 percent since August 2015. The inventory represents 0.9 percent of all homes with a mortgage, the lowest rate since July 2007. A year ago the rate was 1.3 percent. The August inventory was down 3.2 percent compared with July.
