Compared to the same month in 2015, U.S. foreclosure inventory fell 21.7 percent in January, while completed foreclosures dropped by 16.2 percent. That’s according to a new report from CoreLogic, which found that the number of completed foreclosures nationwide decreased year over year from 46,000 in January 2015 to 38,000 in January 2016. In the worst moments of the housing slump in September 2010, the number hit 117,743.
Florida led the nation with 74,000 foreclosures completed during the previous 12 months, followed by Michigan (49,000), Texas (29,000), California (25,000) and Ohio (24,000). These five states alone accounted for almost fifty percent of all completed foreclosures in the U.S. The foreclosure inventory represents the number of homes that are in some stage of the foreclosure process, while completed foreclosures reflect the total number of homes lost to foreclosure.
