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2014-04-09 11:00:58
Foreclosure inventory has dropped 35%

In fact it has dropped 35% just in the last 12 months which is going to have some major impacts on the local Utah & national markets. What you will be paying in the near future is going to most likely be much more than now.

Last month, about 752,000 homes in the U.S. were in some stage of the foreclosure process. That’s down from 1.2 million from this time last year. Month over month, foreclosure inventory was down 3.3%

Completed foreclosures also fell by 15%, according to the report. The report found that there were 43,000 completed foreclosures nationally, down from 51,000 in 2013.

“Although there is good news that completed foreclosures are trending lower, the bigger news is the impressive decline in the foreclosure inventories” said Dr. Mark Fleming, chief economist for CoreLogic. “Every state has had double-digit, year-over-year declines in foreclosure inventory, which is reflected in the $70 billion decline in the inventory”

 

 

John Fritsche

Mortgage Loan Originator

“Your Mortgage Guy”

Primary Residential Mortgage, Inc

Cell: 801-726-3596

Fax: 801-475-7577

Web Site: http://johnloansutah.com

NMLS: 231055

Great Deal On This Riverton Listing

 
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