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CoreLogic: Foreclosure Inventory Down 28% in June

by Peter Thomas Ricci

The nation’s foreclosure markets continued to improve in June, according to the latest report from CoreLogic.

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CoreLogic’s National Foreclosure Report for June brought further good news to the housing recovery, with foreclosure inventory and completed foreclosures both showing encouraging signs of progress on the national front.

“Completed foreclosures continued to drop for the 19th straight month,” said Anand Nallathambi, the president and CEO of CoreLogic. “The improvement is broad-based, with 49 states posting a year-over-year decline in foreclosure rates in June.”

Here in Chicago, the news was also encouraging. Foreclosure inventory remained relatively high at 4.6 percent, but that’s down 1.6 percentage points from a year ago; serious delinquency, though, remains an issue, with 8.6 percent of properties in that stage. For Illinois on the whole, foreclosure inventory was 3.8 percent in June, down 1.4 percentage points year-over-year.

Interested in how Chicago compares with the rest of the nation? Check out our infographic below:

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