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Sunday, June 19, 2016
Foreclosure Rate Drops to New Post-Crisis Low
According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.
April marked the 54th consecutive month of year-over-year declines in foreclosure inventory.
Only 3% of homes in the United States are in serious delinquency. More and more homeowners are escaping negative equity as prices rise.