Morning Minute: U.S. foreclosure inventory down 25 percent compared to last summer

The nation’s foreclosure inventory steadily declined this summer, falling 25.2 percent in August compared to the same time last year, according to CoreLogic’s August 2015 National Foreclosure Report released today. Completed foreclosures decreased 20.1 percent compared to August 2014. In a news release, CoreLogic President and CEO Anand Nallathambi points to expectations of positive growth in the overall housing market.

“In August, the housing market experienced solid and steady increases in sales, prices and performance and our preview data indicates those trends will continue in September. Longer term, the recent increase in household formations and rapidly improving labor market for millennials will provide a demographic tailwind to the housing market and keep demand firm.” — Anand Nallathambi

In other headlines:

Are Looky-Loos Welcome at an Open House? – NAR Daily Real Estate News

Tips for Tax-Savvy Homeowners – Wall Street Journal (via realtor.com)

Leave a Reply

Your email address will not be published.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