Saturday, June 13, 2015

Completed foreclosures in April 2015 reported by Corelogic still running 90% above normal

The level has not budged much from October 2014 when there were 41,000 completed foreclosures.

Seen here:

There were 40,000 completed foreclosures nationwide in April 2015, down from 50,000 in April 2014. ... 

Completed foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 5.7 million completed foreclosures across the country, and since homeownership rates peaked in the second quarter of 2004, there have been approximately 7.8 million homes lost to foreclosure. ...

As a basis of comparison, before the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.