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Overall U.S. foreclosure inventory fell 33 percent in August compared to a year ago and shadow inventory (homes that are seriously delinquent, in foreclosure or have become REOs) fell to the lowest level since August 2008, CoreLogic reported today in its latest National Foreclosure Report. Read the news release from CoreLogic for details.
“The foreclosure inventory continues to improve, as exhibited by these recent numbers. A surge in completed foreclosures and a rise in the foreclosure inventory is unlikely given continued house price improvements and shortages of supply in many markets.” – said CoreLogic Chief Economist Dr. Mark Fleming in the release.
