Remarkable Improvement in Foreclosures

The foreclosure crisis is becoming a fading memory for the housing market.  Foreclosure inventory nationwide plunged 21.8 percent in November 2015 year over year, while completed foreclosures dropped by 18.8 percent during the period, according to a recent CoreLogic report.  “After peaking at 3.6 percent in January 2011, the foreclosure rate currently stands at 1.2 percent–a remarkable improvement,” says Frank Nothaft, chief economist for CoreLogic.

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