Nearly 800,000 Foreclosures Completed in 2012

The national rate of foreclosures continues to slow, which is a strong indicator that the ailing housing market is starting to heal. “The rate of foreclosures continues to trend down, albeit at a slower rate as we exit 2012,” said Anand Nallathambi, president and CEO of CoreLogic. “This trend should continue into 2013 and is another positive signal that the gradual healing process in the housing market is gaining traction.” The overall inventory of foreclosure houses is shrinking, by the end of 2012  - it’s almost 20% smaller than one year ago in 2011. The backlog of shadow inventory is being worked through slowly but surely. Foreclosures are still happening the most in California, Florida, Michigan, Texas, and Georgia, while the District of Columbia, Hawaii, North Dakota, Maine, and West Virginia had the fewest foreclosures. In December alone, the rate of foreclosures from one year ago was down 21%.

To read the entire report, click here.

Leave a Reply

Your email address will not be published. Required fields are marked *


Hacking the Process Flipping Houses in Record Breaking Time

Jun 30, 2021

Discovering Purpose Through Crisis

Jun 23, 2021

Use Metrics, Not Emotions, When Purchasing Multifamily Units

Jun 16, 2021

Doing Your Due Diligence When Purchasing Multifamily Investments

Jun 09, 2021

Become a Successful Investor When Starting At Ground Zero

Jun 02, 2021

2021 Strategy Session for Wholesalers

May 26, 2021

Why We Bought a Class A Duplex From a Student

May 19, 2021

Pay Less Taxes with High Level Tax Depreciation Strategies

May 12, 2021