Foreclosure Rate Drops to New Post-Crisis Low

Some Highlights:

• According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.
• April marked the 54^th consecutive month of year-over-year declines in foreclosure inventory.
• Only 3% of homes in the United States are in serious delinquency. More and more homeowners are escaping negative equity as prices rise.

Source: http://www.simplifyingthemarket.com/en/feed/?a=217019-f2452a8f8cdc42dd481fd452124719d3

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