Foreclosure Inventory below 08 levels

Foreclosure Inventory below 2008 levels

 

Thew US foreclosure inventory declined for the 26th consecutive month this past June to its lowest level since May 2008, but foreclosure starts rose for the second consecutive month.

The total foreclosure pre-sale inventory rate decreased by 1.5 percent month over month in May and has dropped by nearly 36 percent year over year.

 

There were 88,300 foreclosure starts in this past June, however, Foreclosure starts increased 2.3 percent month over month, but they were down nearly 19% year over year..

Reference Neal McNamara

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s