Just 2.3 percent of all homes in Maryland are entering foreclosure, the report said. The number of completed foreclosures on homes is falling as well, dropping from 9,873 in September 2013 to 7,199 in September 2014, Corelogic found.
Nationally, 1.6 percent of homes on the market are foreclosed homes.
"Although the foreclosure inventory and rates of serious delinquent loans remain elevated in many states, progress is being made," CoreLogic CEO Anand Nallathambi said in a statement. "This bodes well for a better housing market in 2015 and beyond."
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4 comments:
I say BS. Things are only getting worse.
At election time they will say anything and after next week it will be in the hole again.
The foreclosure process is gut wrenching. And this comes from someone living within their means, but had health related issues. The mortgage companies do not care.
This is so true next year, when the Republicans hold most of the offices.
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