Foreclosure Inventory & Completed Foreclosures Lowest in Eight Years

According to a Jan. 2016 CoreLogic report, foreclosures are at their lowest in the U.S. since 2007. In year-over-year comparisons, completed foreclosures fell to 33,000 nationwide in Nov.2015 down from 41,000 in Nov. 2014, showing an 18.8 percent decline. Foreclosure inventory was also down 21.8 percent compared with Nov. 2014 numbers.

The report also stated that foreclosures have dropped 71.6 percent since their peak of 117,657 in Sept. 2010. The November 2015 foreclosure inventory rate marks the lowest for any month since November 2007.