New data from CoreLogic drives home just how much progress our housing markets have made in clearing out their foreclosure inventory
The last 12 months have been highly encouraging ones for Houston’s housing market, according to the latest Foreclosure Report from data firm CoreLogic.
From Sept. 2013 through Sept. 2014, CoreLogic reported, Houston’s foreclosure inventory fell from 1.0 percent of all homes to just 0.7 percent, a decline of 0.3 percentage points (or 30 percent!). Additionally, there were 8,478 foreclosures completed in that timeframe, and the serious delinquency rate remains far below the 4.2-percent national average at 3.1 percent.
For a more detailed look at how Houston compares with other metro areas, take a look at our graph below: