Foreclosure rates have steadily declined, but only a few states carry the bulk of the foreclosure inventory.
According to CoreLogic. As of the end of October 2015 , only 16 states plus the District of Columbia had foreclosure rates higher than the national average for the month of 1.2 percent.
The leaders were
- New Jersey (4.5 percent)
- New York (3.6 percent)
- Hawaii (2.5 percent)
- Florida (2.5 percent)
- Washington, D.C. (2.3 percent)
The October foreclosure inventory for the top four states, while still high, represented substantial declines from a year earlier (New Jersey—5.5 percent, Florida and New York—4.1 percent each, Hawaii—2.9 percent). (Source DSNews) Read More.
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