We have seen a dramactic decrease in the number of foreclosures on the market. Look at any local MLS and you will see in excess of 90% standard sales with the remainder, short sales and only 1-2% that are foreclosures.
Some Highlights:
- The number of homes in the US in some stage of foreclosure is down 28.9% to 472,000.
- Only 3.5% of homes in the US are currently in serious delinquency.
- Foreclosure Inventory levels hit the lowest level since January 2008 at 1.2% of all homes with a mortgage.
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