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CoreLogic: Houston-area Foreclosure Inventory Down 25% in January

by Peter Thomas Ricci

Our fine metro area continued to make progress through its foreclosure inventory in 2013, according to new analysis.

 

Foreclosure inventory in Houston-area is down a whopping 25 percent year-over-year through January, according to the latest National Foreclosure Report from data firm CoreLogic.

Other notable findings from the report included:

  • Foreclosure inventory in Houston-area is now just 0.9 percent of mortgaged properties, down from 1.2 percent a year ago (this is hardly surprising, given Houston does have the nation’s healthiest mortgage market).
  • There were 9,683 completed foreclosures in the 12-month period ending in January.
  • Finally, the area’s serious delinquency rate remains relatively low at just 3.6 percent.

How does the rest of the nation compare with our local progress? See our graphic below to find out:

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