According to recent data from CoreLogic, the national level of foreclosures decreased 22.2% year-over-year in August with an average of 45,000 complete foreclosures. Anand Nallathambi, CoreLogic’s president and CEO said, “the number of foreclosures completed during the last 12 months is at the lowest level since November of 2007. At current foreclosure rates, the shadow inventory could fall below 500,000 units by year-end which could provide a solid boost to the recovery in housing in 2015.” Although there has been a significant improvement among foreclosure rates in the U.S., foreclosure inventory is still considered high. More here
