CoreLogic: U.S. foreclosure and shadow inventory down in August

Overall U.S. foreclosure inventory fell 33 percent in August compared to a year ago and shadow inventory (homes that are seriously delinquent, in foreclosure or have become REOs) fell to the lowest level since August 2008, CoreLogic reported today in its latest National Foreclosure Report. Read the news release from CoreLogic for details.

“The foreclosure inventory continues to improve, as exhibited by these recent numbers. A surge in completed foreclosures and a rise in the foreclosure inventory is unlikely given continued house price improvements and shortages of supply in many markets.” - said CoreLogic Chief Economist Dr. Mark Fleming in the release.

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.