Distressed Inventory is Gone

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We know this, but now the paper says it, so now everyone knows it

 

From DS news

Distressed Inventory Fading Fast as Housing Market Strengthens

As the housing market heals, foreclosure inventory is depleting quickly, CoreLogic reported Thursday. In July, about 949,000 homes were in some stage of foreclosure, down 32 percent from 1.4 million a year ago. CoreLogic also reported steep declines in completed foreclosures and serious delinquencies. According to the data provider's estimate, about 49,000 properties were lost to foreclosure in July, down 25 percent from 65,000 in July 2012. At 5.4 percent, the serious delinquency rate decreased to the lowest level since December 2008, according to CoreLogic. » Read More

 

- Sunil Sethi

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