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Nationwide Foreclosure Rates Are Down

CoreLogic Chief Economist Dr. Frank Nothaft’s most recent press release has revealed that the share of home mortgages in foreclosure has officially dropped to the lowest level it has been in the past twenty years. Already well below the average pre-crisis level of 6%, the United States went from sitting at 4.9% in January of 2018, down to 4% in January of 2019. This drop has been reflected across all delinquency rates and is indicative of a dramatic increase in stability since The Housing Market Crash of 2007.