IRVINE, Calif., Jan. 9, 2014 /PRNewswire/ -- CoreLogic ® (NYSE: CLGX), a leading residential property information, analytics and services provider, today released its November National Foreclosure Report with a supplement featuring quarterly shadow inventory data as of October 2013.
To view the multimedia assets associated with this release, please click: http://www.multivu.com/mnr/61897-corelogic-reports-national-foreclosure-inventory-down-34-percent
According to CoreLogic analysis:
- There were 46,000 completed foreclosures in the United States in November 2013, down from 64,000 in November 2012, a year-over-year decrease of 29 percent. On a month-over-month basis, completed foreclosures decreased 8.3 percent, from 50,000 in October 2013.*
- National residential shadow inventory was 1.7 million homes as of October 2013, accounting for a value of $256 billion, which is down 26.4 percent from $348 billion a year ago.
- The five states with the highest number of completed foreclosures for the 12 months ending in November 2013 were Florida (115,000), Michigan (54,000), California (42,000), Texas (40,000) and Georgia (36,000). These five states account for almost half of all completed foreclosures nationally.
- The five states with the lowest number of completed foreclosures for the 12 months ending in November 2013 were District of Columbia (51), North Dakota (401), Hawaii (480), West Virginia (524) and Wyoming (716).
- The five states with the highest foreclosure inventory as a percentage of all mortgaged homes as of November 2013 were Florida (6.6 percent), New Jersey (6.5 percent), New York (4.7 percent), Maine (3.5 percent) and Connecticut (3.5 percent).
- The five states with the lowest foreclosure inventory as a percentage of all mortgaged homes as of November 2013 were Wyoming (0.4 percent), Alaska (0.5 percent), North Dakota (0.6 percent), Nebraska (0.6 percent) and Colorado (0.6 percent).
- As of November 2013, shadow inventory was 1.7 million properties, and almost half are delinquent but not yet foreclosed.
- The shadow inventory is down 24 percent compared to one year ago.
- The value of shadow inventory in November 2013 was $256 billion, down 26.4 percent from $348 billion a year ago and down 15.9 percent $304 billion from six months ago.
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