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Overall U.S. Foreclosure Rates Decrease

Overall U.S. Foreclosure Rates Decrease

| Jun 25, 2014 | Housing Market

According to the Black Knight Financial Services Foreclosure Report, Foreclosure rates in the United States decreased last month. The Foreclosure inventory rate dropped below 2%, the lowest rate seen since mid 2008. Mortgages currently in Foreclosure are down 37% year-over-year, and have gradually decreased by more than half a million when compared to May 2013. Although rates have fallen, some cities are still experiencing high Foreclosure rates. More here

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