Those 1.1 million foreclosed homes equals 2.8% of all homes with a mortgage compared with 3.5% in March 2013.
The number of foreclosed homes fell more than 40% in six states and more than 50% in Arizona and California in the first fourth months of 2013.
“Fewer distressed properties combined with improving home prices and a pickup in home purchases are significant signals that the ongoing recovery in the housing and mortgage markets continues to gather steam,” said Anand Nallathambi, president and CEO of CoreLogic.
The number of homeowners losing a property to foreclosure is also dropping, CoreLogic says. There were 52,000 completed foreclosures in the U.S. in April 2013, down from 62,000 in April 2012, a year-over-year decrease of 16%.
Since the financial crisis began in September 2008, lenders have foreclosed on approximately 4.4 million U.S. homeowners.
State Foreclosure Rates
5 states with most foreclosures in past year:
- Florida (102,000)
- California (79,000)
- Michigan (68,000)
- Texas (53,000)
- Georgia (47,000)
5 states with fewest foreclosures in past year:
- South Dakota (81)
- District of Columbia (100)
- North Dakota (461)
- Hawaii (466)
- West Virginia (527)
- Florida (9.5%)
- New Jersey (7.4%)
- New York (5.1%)
- Maine (4.4%)
- Nevada (4.3%)
- Wyoming (0.5%),
- Alaska (0.6%)
- North Dakota (0.7%)
- Nebraska (0.8%)
- Virginia (0.9%)
No comments:
Post a Comment