RealtyTrac’s U.S. Foreclosure Market Report for April showed that foreclosure filings across the nation decreased by 5% from March, 23% from a year ago, and reached their lowest level since February 2007. While foreclosure auctions in judicial states are at a 30-month high, non-judicial states saw a decrease of 7% from March and a 43% decrease from April 2012. http://bit.ly/YKNrLA
Foreclosure inventory, too, has seen a decline. Based on CoreLogic’s March 2013 National Foreclosure Report, foreclosure inventory was down 23% from March 2012 and 1.9% lower than the prior month. Two of the top five states with the lowest level of foreclosure inventory “as a percentage of mortgaged homes” were Wyoming at 0.5% and Montana at 0.9%. Idaho and Washington were found to have 2.1% and 2.3% in foreclosure inventory, respectively. http://bit.ly/18yVD36
Do you think maybe they are down because the banks are not finishing them and are just canceling them? Oh and by the way, 40% of the foreclosures in the past 5 YEARS have never hit the market.