Manner Property Group Blog

Foreclosure Inventory Drops 31% in October

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Foreclosure Inventory Drops 31% in October

The foreclosure inventory rate continued to drop sharply, though the current levels still remain well above normal.

 The number of completed foreclosures in October dropped to 48,000, down 25.6% from the previous month and more than 30% from a year earlier, according to the latest report fromCoreLogic.

The current pace is still more than double the foreclosure rate of 21,000 a month that prevailed prior to the bubble.

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