Foreclosure Inventory Below 08 Levels

Foreclosure Inventory Below 08 Levels

The US foreclosure inventory declined for the 26th consecutive month this past June to its lowest level since May 2008, but foreclosure starts rose for the second consecutive month.

The total foreclosure pre-sale inventory rate decreased by 1.5 percent month over month in May and has dropped by nearly 36 percent year over year.

There were 88,300 foreclosure starts in this past June, however, Foreclosure starts increased 2.3 percent month over month, but they were down nearly 19% year over year..

Reference Neal McNamara

#foreclosure #foreclosureinventory #realestate #ushousingmarket

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Fairway Independent Mortgage Corporation

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