CoreLogic: Completed foreclosures fall by 30%

The U.S. foreclosure rate ticked up 1.1% in August compared to July, but was still down 22.2% compared to August 2013, according to CoreLogic’s National Foreclosure Report. About 45,000 foreclosures were processed in August, compared to 58,000 in August 2013. In the report, Anand Nallathambi, president and CEO of CoreLogic, says the total number of [.]

First American CoreLogic has released its latest residential real estate analysis here. Three important graphs from the report follow in this discussion.Distres. Prices Could Fall About 30%.

Once a foreclosure is "started," and absent the borrower paying all amounts necessary to halt the foreclosure, the home remains in foreclosure until the completed foreclosure results in the sale.

They were both like those first-time home buyers in 2005 and 2006, who bought at the top, confident that the housing market would not fall and their interests. Nevada, California and Florida lead.

In the month of November, 26,000 U.S. home foreclosures were completed, down 2.4% month over month and down 25.9% from a total of 35,000 in November 2015, according to CoreLogic.

The number of completed foreclosures nationwide posted a year-over-year decline of 25.9% in November to 26,000, according to property information provider CoreLogic. That represents a plunge of 78.

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In the month of October, 48,000 U.S. home foreclosures were completed, down 25.6% from a revised total of about 60,000 in September and down 30% from 68,000 in October 2012, according to research.

In the month of October, 30,000 U.S. home foreclosures were completed, down 3.6% month over month and down 24.9% from a total of 40,000 in October 2015, according to CoreLogic. over-year declines.

On a month-over-month basis, completed foreclosures increased by 0.3 percent to 37,000 in April 2016 from the 36,000 reported for March 2016.* As a basis of comparison, before the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.

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REUTERS/Jonathan Alcorn Completed foreclosures fell 9.9% year-over-year to 49,000, chief economist for CoreLogic said in a press release.. while 36 states had a greater than 30% fall.

Foreclosure inventory continues to decline, decreasing 23.4% annually in April, while completed foreclosures declined by 15.8% annually, according to the April 2016 National Foreclosure Report. Here are some details from the report: Arizona and Utah saw an over 50% YoY decline in foreclosure inventory, while 36 states had a greater than 30% fall.

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