New data from CoreLogic drives home just how much progress our housing markets have made in clearing out their foreclosure inventory
The last 12 months have been highly encouraging ones for Massachusetts housing market, according to the latest Foreclosure Report from data firm CoreLogic.
From Sept. 2013 through Sept. 2014, CoreLogic reported, Massachusetts’ foreclosure inventory fell from 1.6 percent of all homes to 1.2 percent, a decline of 0.4 percentage points (or 25 percent!). Additionally, there were 2,705 foreclosures completed in that timeframe, though the serious delinquency rate does remain high at 4.2 percent (though to be fair, the national average is 4.2 percent).
For a more detailed look at how Massachusetts compares with other states, take a look at our graph below: