CoreLogic: Foreclosure Inventory Heading Below Half Million

Foreclosures, while now down 64 percent from the peak reached
in September 2010, are still nearly double the monthly average before the
housing crisis.  CoreLogic said today
that there were 41,000 completed foreclosures nationally in November, 5,000
less than in October, a decline of 12.6 percent. The company said, in its
monthly National Foreclosure Report, that there have been approximately 5.6
million homes lost to foreclosure since the crisis began in September 2008.  In the more normal period of 2000 to 2006
foreclosures averaged 21,000 per month nationwide.

The five states
with the highest number of completed foreclosures for the 12 months ending in November
2014 were: Florida (118,000), Michigan (50,000), Texas (36,000), California
(29,000) and Ohio (29,000). These five states accounted for almost half of the
nation’s total. 

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