A state-by-state map of foreclosure inventory
http://blogs.marketwatch.com/capitolreport/2014/07/31/a-state-by-state-map-of-foreclosure-inventory/
The inventory of foreclosed homes dropped for the 32nd month in a row in June, but there’s some states where they are elevated, according to data from CoreLogic released Thursday.
As of June 2014, approximately 648,000 homes in the United States were in some stage of foreclosure, down 35% from June 2013 and 3.9% from May 2014.
The areas where foreclosure inventories are highest are in the so-called judicial states, where lenders have to go to courts to move borrowers into foreclosures.
“While 32 straight months of year-over-year decline in the foreclosure rate is cause for celebration, the total number of homes still in the foreclosure process remains almost four times as high as the average in the early 2000s,†said Mark Fleming, chief economist for CoreLogic, in a statement.
New Jersey (5.7%), Florida (5%), New York (4.3%), Hawaii (3.1%) and Maine (2.7%) had the highest rates of foreclosure inventory. At 2.2%, hard-hit Nevada was the worst of the so-called non-judicial states.
By metro area, the Tampa-St. Petersburg-Clearwater, Fla. area had the highest at 6%.
– Steve Goldstein