The five states with the highest number of completed foreclosures in the past 12 months were Florida (110,000), California (65,000), Michigan (61,000), Texas (45,000) and Georgia (41,000). The five states with the fewest foreclosures in the 12 months through July were District of Columbia (141), North Dakota (484), West Virginia (505), Hawaii (512) and Maine (754).
The five states with the largest inventories of foreclosed properties are Florida (8.1%), New Jersey (5.9%), New York (4.7%), Connecticut (4%) and Maine (4%). The five states with the lowest inventories of foreclosed properties are Wyoming (0.4%), Alaska (0.6%), North Dakota (0.7%), Nebraska (0.7%) and Colorado (0.8%).
CoreLogic executives noted:
Foreclosures and delinquency rates continued their rapid descent in July. Every state posted a year-over-year decline in foreclosures and serious delinquencies fell to the lowest level since December 2008. … As the housing market continues to recover, the foreclosure inventory is declining quickly, down by 32 percent from a year ago.
The research firm also noted that about 949,000 homes were in some stage of foreclosure during July, down from 1.4 million in July 2012. CoreLogic said the foreclosure inventory in July represented 2.4% of all mortgaged homes, compared with 3.4% in July a year ago.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
