Housing distress continues with double digit declines

CoreLogic

Both the size of the foreclosure inventory and the number of foreclosures completed declined by large percentages from December 2015 to December 2016. CoreLogic, in its monthly National Foreclosure Report, puts the number of completed foreclosures nationwide at 21,000 in December, a 40 percent decline from the 36,000 homes that were foreclosed a year earlier.

On a month-over-month basis, completed foreclosures were down by 8.1 percent compared to November when 23,000 homes were foreclosed. As a basis of comparison, before the decline in the housing market, completed foreclosures averaged about 22,000 per month nationwide between 2000 and 2006.

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