Tuesday, July 9, 2013

Over in the housing sector, CoreLogic reported this morning that the foreclosure front is on the mend. Foreclosure inventories have dropped by 29% from May of 2012 to May of 2013 and down 3.3% from April to May. In addition, serious delinquent mortgages are at the lowest level since December 2008. Corelogic went on to say that completed foreclosures fell 27% compared to May of 2012, but were up 3.5% from April to May. Corelogic said that it "continues to see a sharp drop in foreclosures around the nation and with it a decrease in the size of shadow inventory."
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