{"id":3891,"date":"2012-11-02T12:45:58","date_gmt":"2012-11-02T12:45:58","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3891"},"modified":"2012-11-02T12:45:58","modified_gmt":"2012-11-02T12:45:58","slug":"foreclosures-on-homes-make-less-of-a-dent-in-market","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/foreclosures-on-homes-make-less-of-a-dent-in-market\/","title":{"rendered":"Foreclosures on homes Make Less of a Dent in Market"},"content":{"rendered":"

Foreclosures on homes Make Less of a Dent in Market.<\/h2>\n
\"Foreclosures<\/a>

Foreclosures on homes Make Less of a Dent in Market<\/p><\/div>\n

Foreclosures<\/strong> continue to fall as the number of short sales inch up, according to CoreLogic\u2019s National Foreclosure Report for September.<\/p>\n

\u201cThe continuing downward trend in foreclosures<\/em> along with a gradual clearing of the shadow inventory are signs of stabilization and improvement in the housing market,\u201d says Anand Nallathambi, president and CEO of CoreLogic. \u201cIncreasingly improving market conditions and industry and government policy are allowing distressed home owners to pursue refinancing, loan modifications, or short sales rather than foreclosures.\u201d<\/p>\n

CoreLogic reports that 57,000 foreclosures were completed<\/span> in September, down from 83,000 in September 2011. Still, from 2000 and 2006, foreclosures for a more balanced market averaged about 21,000 per month \u2014 so today\u2019s numbers still remain elevated.<\/p>\n

Homes lost to foreclosure in September are down about 50 percent since peaking September 2010. Foreclosures are also down 22 percent compared to the beginning of the year, says Mark Fleming, CoreLogic\u2019s chief economist.<\/p>\n

\u201cWhile there is significant progress to be made before returning to pre-crisis levels, the trend is in the right direction as short sales, up 27 percent year over year in August, continue to gain popularity,\u201d Fleming notes.<\/p>\n

The five states with the highest number of completed foreclosures for the 12 months ending in September (and accounting for nearly 48 percent of all completed foreclosures nationally) were:<\/p>\n