Foreclosures Drop to Lowest Level
Foreclosures are lowering each year according to records
Written By Donna Joerling (Owner and Broker). Created on 06/13/2014.
Many of our readers may have had some personal experience in the short sale or foreclosure business that affected many Americans across our country. We are making great headway in getting the foreclosures out of our normal real estate market activity and getting these issues behind us as an industry. Read on to hear more of the great news. Keep making your payments and let's continue the steps to getting our real estate business strong and healthy for many years to come.
FORECLOSURES DROP TO LOWEST LEVEL SINCE THE RECESSION In another sign of the rebounding real estate market, completed foreclosures have fallen to the lowest level since the great recession began in 2007. A recent survey by CoreLogic showed that for the 12 months ending in April completed foreclosures fell to 599,000 nationwide. 46,000 foreclosures were completed in April, which represents an 18 percent decline over April of 2013.
Before the housing decline began, completed foreclosures averaged 21,000 across the nation. The number of homeowners in some stage of foreclosure has steadily declined for the last two and a half years.Read more or lowering foreclosure rates