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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 Florida, foreclosure activity remained high, though CoreLogic’s report did show that progress is being made. At 8.6 percent, Florida still has the highest foreclosure inventory in the nation, but that number is down a hefty 2.9 percentage points from June 2012. With 107,000 completed foreclosures in June, Florida led the nation in completions, and there will likely be many more in the future – 13 percent of properties in Florida are still in serious delinquency.

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

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