Foreclosure Rate Down 2.4% in December, says CoreLogic

Irvine, CA, February 9, 2016—There were 32,000 completed foreclosures nationally in December 2015, down from 41,000 in December 2014, according to CoreLogic’s National Foreclosure Report.

Approximately 433,000 homes were in some stage of foreclosure in December, compared to 568,000 in December 2014.

December 2015’s rate is a 2.4% drop from November 2015, representing 50 months of consecutive year-over-year declines.

The seriously delinquent rate was at 3.2%, the lowest level since November 2007.

“Reflecting on the full-year foreclosure results for 2015, we can see that completed foreclosures are down more than 20% for the year, which is the lowest level since 2006, before the crisis. Maryland, which can be described as a suburb of the solid D.C. market, led the way with a 59% decline in foreclosures in 2015,” says Frank Nothaft, chief economist at CoreLogic.