CoreLogic’s (CLGX) new national foreclosure report shows there were 43,000 completed foreclosures in the United States in February 2014, down from 51,000 in February 2013, a year-over-year decrease of 15%.
“The stock of seriously delinquent homes and the foreclosure rate are back to levels last seen in the final quarter of 2008,” said Anand Nallathambi, president and CEO of CoreLogic. “The shadow inventory has also declined year over year for the past 3 years as the housing market continues to heal, including double-digit declines for the past 16 consecutive months.”
There were 43,000 completed foreclosures in the United States in February 2014, down from 51,000 in February 2013, a year-over-year decrease of 15%. On a month-over-month basis, completed foreclosures decreased 13.1% from 50,000 in January 2014.
The states with the highest number of completed foreclosures are:
5) Georgia
34,000 completed foreclosures for 12 months ending February 2014
Serious delinquency rate: 5%
4) California
37,000 completed foreclosures for 12 months ending February 2014
Serious delinquency rate: 2.6%
3) Texas
39,000 completed foreclosures for 12 months ending February 2014
Serious delinquency rate: 3.6%
2) Michigan
50,000 completed foreclosures for 12 months ending February 2014
Serious delinquency rate: 3.6%
And the state with the most foreclosures is….
http://www.housingwire.com/articles/29552-top-5-states-with-the-most-and-least-foreclosures