February 27, 2014 6:56 am
by John DeCosta, Keller Williams Portland Premiere.
Good news on the elimination of the foreclosures. Each market is different, but the national average is quickly clearing the inventory. The RE market recovery should make this foreclosure supply to soon return to historic averages. The market crash gets further into the rear view mirror.
Click to view the report
| CoreLogic® Reports 48,000 Completed Foreclosures in January |
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The Foreclosure Inventory Is Down 3 Percent Month Over Month and the Foreclosure Rate Has Receded to January 2009 Levels |
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The Seriously Delinquent Rate Is Just Under 5 Percent for the First Time Since November 2008 |
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| 33% |
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25% |
| FORECLOSURE INVENTORY YEAR ENDING JANUARY 2014 |
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RATE OF SERIOUS DELINQUENCY YEAR ENDING JANUARY 2014 |
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