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FEB 01, 2013 - Business Insider

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US Foreclosure Inventory Falls 19.5% From A Year Ago

Completed foreclosures fell 21 percent year-over-year in December to 56,000, according to CoreLogic's latest foreclosure report. And foreclosure inventory decreased to 1.2 million homes as of December 2012, down 19.5 percent on the year, and 4.2 percent on the month. This represents 3 percent of all homes with a mortgage.  “The rate of foreclosures continues to trend down, albeit at a slower rate as we exit 2012,” Anand Nallathambi, president and CEO of CoreLogic, said in a press release. "This trend should continue into 2013 and is another positive signal that the gradual ... Read More

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