The Real-Estate Blog Of Mary Murray
Foreclosures dropped in the U.S. according to a report released by CoreLogic. As further proof the housing market continues to make significant strides in recovery, foreclosures fell by 65,000 in July. The number of completed foreclosures averaged around 49,000, down 4,000 from June 2013. As the year comes to an end, home prices and sales are continuing to increase while foreclosures are slowing. More here
According to data from the CoreLogic Index, U.S. home prices have increased while foreclosure rates have decreased. Home prices have jumped 0.7% in January from the previous month and soared 9.7% from last year, the biggest home price increase since early 2006. It is forecasted that home prices will fall 0.3% by February as a short slow period is expected to approach before spring selling season. CoreLogic also reported that distress sales rates have normalized in 2013. More here
Foreclosure rates dropped in January to 61,000, down 14,000 from last year according to CoreLogic. Last January there were 1.5 million United States foreclosures in process. There are roughly 1.2 million foreclosures currently in process in the United States, 3 million less than the previous year. Chief economist at CoreLogic, Mark Fleming said, “the improvement is widespread as only six states and 13 of the largest 100 metro areas had an increase in the foreclosure rate year over year.” CoreLogic also stated that U.S mortgages experiencing foreclosure is less than 3%. More here
