CoreLogic: Foreclosure Markets in Houston Continue to Improve

by Peter Thomas Ricci

There are many uncertainties in the world, but here’s one thing we know for sure – progress has been made on the foreclosure front.

Foreclosure inventory in the Houston-area housing market dropped 33 percent year-over-year in February, according to the latest National Foreclosure Report from CoreLogic.

Indeed, Houston’s foreclosure inventory, already low at 0.8 percent of mortgaged properties, is down from 1.2 percent a year ago. Also, with 9,439 completed foreclosures in the last year, Houston continues to make progress with its distressed markets, and just 3.5 percent of mortgaged properties remain in serious delinquency.

How does our local market, though, compare with the rest of the nation? Take a look at our graphic below for an idea:

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