Friday, June 17, 2016 / by Marie Berthe
Foreclosure Rate Drops to New Post-Crisis Low
- According to Core Logic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.
- April marked the 54th consecutive month of year-over-year declines in foreclosure inventory.
- Only 3% of homes in the United States are in serious delinquency. More and more homeowners are escaping negative equity as prices rise.