Existing home sales came in at a whopping 6,850,000, beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at
Black Knight Reports Foreclosure Inventory Falls To 8 Year Low
Dated: August 21 2015
The national foreclosure rate is down 24%, the lowest since 2007, according to the Data & Analytics division of Black Knight Financial Services.
The company’s “first look” at July 2015 month-end mortgage performance statistics is derived from its loan-level database representing approximately two-thirds of the overall market. ?
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(Source: Black Knight)
According to Black Knight, the inventory of loans in foreclosure continues decline; now at just 711,000 loans.
The delinquency rate improved by 2.2% from June, and is now near post-crisis low.
California saw a 16.4% 6-month reduction in non-current loans and joins Top 5 states in terms of improvement.
At just 2.96%, Colorado’s non-current inventory is at the lowest level in over 10 years and the second lowest in nation.
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For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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