Foreclosures lowest in nearly 10 years

From HousingWire:

CoreLogic: Foreclosures fall to lowest level since 2006

In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed foreclosures in any year since 2006, a new report from CoreLogic shows.

The numbers hit a 8-year low just last month.

CoreLogic, a global property information, analytics and data-enabled services provider, released its December 2015 National Foreclosure Report, which showed that the number of completed foreclosures fell more than 20% from 2014 to 2015, making it the best year since before the housing crisis began.

For the month of December, the number of completed foreclosures dropped by 22.6% compared to December 2014.

CoreLogic’s report showed that the number of completed foreclosures nationwide decreased year-over-year from 41,000 in December 2014 to 32,000 in December 2015.

The number of completed foreclosures in December 2015 was down 72.8% from the peak of 117,722 in September 2010.

On a more granular level, the five states with the highest number of completed foreclosures for the 12 months ending in December 2015 were Florida (79,000), Michigan (50,000), Texas (30,000), Ohio (24,000) and Georgia (24,000).

According to CoreLogic’s report, these five states accounted for almost half of all completed foreclosures nationally.

On the other hand, four states and the District of Columbia had the lowest number of completed foreclosures for the 12 months ending in December 2015: the District of Columbia (81), North Dakota (220), Wyoming (541), West Virginia (560) and Alaska (700).

Additionally, CoreLogic’s report showed that in December, foreclosure inventory declined by 23.8% when compared to December 2014.

Additionally, four states and the District of Columbia had the highest foreclosure inventory rate in December 2015: New Jersey (4.2%), New York (3.5%), Hawaii (2.4%), the District of Columbia (2.3%) and Florida (2.3%).

This entry was posted in Foreclosures, Housing Recovery, New Jersey Real Estate. Bookmark the permalink.

83 Responses to Foreclosures lowest in nearly 10 years

  1. Ragnar says:

    First

  2. grim says:

    Trump campaign releases first glimpse into broad policy agenda for Trump’s presidency…

    “It’s going to be great.”

    No, that’s not a comment on the agenda, game plan and goals. That’s actually the entire policy.

  3. grim says:

    On another note, in a defensive move against the Clinton campaign, which had shifted all their hotel reservations to Motel 6 in an attempt to appear frugal, I hear the Sanders campaign has cancelled all their hotel reservations, and are planning to sleep in their cars in South Carolina. Bernie has vowed to not change his underwear until the SC primary.

  4. D-FENS says:

    2 – I thought it was “I would bomb the sh1t out of ISIS”.

  5. D-FENS says:

    Trump foreign policy in 45 seconds

    https://www.youtube.com/watch?v=aWejiXvd-P8

  6. D-FENS says:

    There’s also the border wall and all English Telemundo.

    https://www.youtube.com/watch?v=MGUAW34Edp0

  7. grim says:

    4,5 – That isn’t far from the strategy proposed here. Given their actions against hostages, I don’t see anything wrong with turning all of the extremist held middle east to glass. Likewise, complete vaporization of all seized oil assets doesn’t seem so outrageous given that the current strategy attempt to disable, but not destroy, isn’t effective at all. While the boys are busy over there, have a few of them swing by to afhghanistan and use up the rest of our agent orange on their heroin fields.

  8. Leave No Billionaire Behind (the good one) says:

    Lack of food. Lack of healthcare. Lack if educational opportunities.

    No, those aren’t the issues affecting American kids.

    extreme right wingers real fear is the mass media. that’s what America demands protection. got to love how insane and out of touch with reality Republicans are

    anon (the good one) says:
    February 9, 2016 at 8:23 am
    @washingtonpost

    Marco Rubio has another repeat glitch in New Hampshire

    “We are taking our message to families that are struggling to raise their children in the 21st Century, because as you saw, Jeanette and I are raising our four children in the 21st Century.

    And we know how hard it’s become to instill our values in our kids instead of the values they try to ram down our throats.

    In the 21st Century, it’s become harder than ever to instill in your children the values they teach in our homes and in our church, instead of the values that they try to ram down our throats in the movies, in music and in popular culture.”

  9. nwnj3 says:

    I see anon is slowly shifting his rhetoric towards Bernie as his candidate implodes. Seems he’s a bit out of touch with the flock.

  10. Leave No Billionaire Behind (the good one) says:

    not sure if that’s better worse or better than Rubio’s promise to protect us from the movies

    those are the competing positions of the Repubs

    grim says:
    February 10, 2016 at 6:40 am
    Trump campaign releases first glimpse into broad policy agenda for Trump’s presidency…

    “It’s going to be great.”

    No, that’s not a comment on the agenda, game plan and goals. That’s actually the entire policy.

  11. Leave No Billionaire Behind (the good one) says:

    PSA

    @RyanMaue

    Watching population forecast to reach 0°F or go subzero during next 7-days w/Arctic blast: over 50 million now

  12. grim says:

    I’m kind of dense – Rubio’s comment is a not-very-thinly-vieled reference about homosexuality and gay marriage, correct?

  13. Now that we’re going after the .1% instead of the 1% I feel like I can breathe a sigh of relief. In fact, I’m going to manage my wealth to always be below $900 million to be safe, just so I don’t fall into guilt by association with the billionaire class. Better to be with the crowd holding a torch rather than running away, no?

  14. Leave No Billionaire Behind (the good one) says:

    Rafael Cruz will protect us from Abortion.

    of course, the kids can go and F themselves after born as they aren’t the state’s prob

  15. nwnj3 says:

    Christie is now a hero to anyone who doesn’t like Rubio. It looks like he landed a KO punch on Marco this past weekend while falling on his own sword in the process. I couldn’t be happier with that turn of events. My favorite three candidates topped the polls last night, next they need to send Jeb and his lobbyist army packing.

  16. Leave No Billionaire Behind (the good one) says:

    NYT picked up exchange with guy asking Rubio why does he want him back in the closet. Rubio walked away

    grim says:
    February 10, 2016 at 8:18 am
    I’m kind of dense – Rubio’s comment is a not-very-thinly-vieled reference about homosexuality and gay marriage, correct?

  17. nwnj3 says:

    Let us know when they turn up Hillary’s goldman sachs transcript.

  18. The Great Pumpkin says:

    My favorite three candidates also.

    nwnj3 says:
    February 10, 2016 at 8:24 am
    Christie is now a hero to anyone who doesn’t like Rubio. It looks like he landed a KO punch on Marco this past weekend while falling on his own sword in the process. I couldn’t be happier with that turn of events. My favorite three candidates topped the polls last night, next they need to send Jeb and his lobbyist army packing.

  19. The Great Pumpkin says:

    “The U.S. Treasury is scheduled to auction $23 billion of 10-year debt later today as benchmark yields fall to the lowest in a year. In pre-auction trading the February 2026 notes were yielding 1.76 percent, which would be the lowest at sale since December 2012 for a benchmark 10-year. The low yields come as investor concerns over the global economy, the Fed’s rate path, and the possibility of central banks pushing much further into negative territory increase. “

  20. D-FENS says:

    Only 55 percent of Republican primary voters identified themselves as “Republican,” 42 percent declaring they were “independents,” and 3 percent saying they were “Democrats.”

    Breaking News at Newsmax.com http://www.newsmax.com/Headline/exit-polls-republican-primary/2016/02/09/id/713546/#ixzz3zm6mitGg

  21. chicagofinance says:

    I thought they were Huey, Dewey and Louie?

    The Great Pumpkin says:
    February 10, 2016 at 8:50 am
    My favorite three candidates also.

    nwnj3 says:
    February 10, 2016 at 8:24 am
    Christie is now a hero to anyone who doesn’t like Rubio. It looks like he landed a KO punch on Marco this past weekend while falling on his own sword in the process. I couldn’t be happier with that turn of events. My favorite three candidates topped the polls last night, next they need to send Jeb and his lobbyist army packing.

  22. chicagofinance says:

    What happens in Vegas stays in Vegas……oooooops no….

    LAS VEGAS — A Houston man and a New York woman are facing felony charges after authorities say they were recorded having sex in public during a 30-minute ride in a glass-enclosed cabin on a Ferris wheel 550 feet above the Las Vegas Strip.

    A Las Vegas judge on Tuesday set a March 9 date to see if the charges against Phillip Frank Panzica III and Chloe Scordianos can be resolved without trial.

    The two were arrested Feb. 5 after riding alone together in one cabin on the High Roller.

    Police say surveillance cameras captured the act, security warned the couple to stop, and people in another car shot cellphone video.

    The images haven’t been made public.

    Panzica’s attorney, Bennair Bateman, declined comment.

    Scordianos’ lawyer, Chris Rasmussen, says his client believed the couple had an expectation of privacy.

  23. Fast Eddie says:

    Leave No Billionaire Behind (the good one),

    Come to the next get-together, we can have a political discussion.

    Ok?

  24. Raymond Reddington formerly Phoenix says: says:

    24. They will do more time than a crooked banker…

  25. Libturd at home says:

    Better than watching Bernie’s momentum grow is watching Hillary eat crow and change her campaign strategy almost as quickly as Bernie probably changes his diapers.

    Was watching CNN last night and they were doing a decent job with balanced reporting on the NH results. Switched over to MSNBC and for a straight 45 minutes from 10:30 to 11:15, not one mention of Cankles loss. Just 45 minutes of the tight republican race for third place. At least they had the decency to report it on their ticker.

  26. Raymond Reddington formerly Phoenix says: says:

    Love this negotiation. Not an apples to apples comparison, but lets convert years to dollars when buying this hypothetical car..

    “What’s the lowest price you will take for the car, Paul?”
    “I’m asking 20k.”
    “Will you take 1800, it’s all I’ve got in my pocket. Things are tight.”
    “Sure, no problem.”

    http://www.nj.com/ocean/index.ssf/2016/02/lawyer_sentenced_for_stealing_26m_from_nj_home_hea.html#incart_river_home

  27. Libturd at home says:

    I also find it incredulous that the dunce feels it appropriate to call someone else a robot. This hypocrite hasn’t said anything original in his life. He’s like the Master of Robots.

  28. Looks like rotation out of utilities and into healthcare starts today.

  29. Comrade Nom Deplume, Assistant Deputy Copyrewriter, Ministry of Love says:

    [27] libturd

    I recently saw an incredulous post on FB, arguing in great detail that voting for Sanders would do in the progressive cause, that Hillary is the choice for progressives.

    It was hysterical. The cause doesn’t rise or fall because of the standard bearer; the standard bearer rises or falls because of the cause. And if anyone has paid any attention to Hillary and her husband over their careers, its that there is no one that would throw the far left under the bus faster than a Clinton.

    If the leftists were disappointed by Obama, wait until they get a load of President Clinton.

  30. Sanders & Trump winning the NH primary seems to me like the NHL fan revolt that got John Scott in the All-Star game: “Let us show you the extent of how bad you’ve been running things…”

  31. ChiFi [24];

    A Hicksville girl (they always seem to come from Long Island) celebrating her 21st birthday in Vegas. Notice he’s smiling in his mug shot. Her, not so much. They forgot to follow the published advice for exactly that kind of activity, primary of which was “tip generously”.

  32. DIS: Any stop above 86.25 was taken out in the first 4 minutes. Starting at 9:36 DIS hasn’t traded below 87.77 and from 10 – 10:30 it traded in the 88.50-89.50 range, just like I called it last night.

    The Original NJ ExPat says:
    February 9, 2016 at 7:27 pm
    [121] Nom – only gamblers buy close to earnings unless it’s a utility stock. Here’s another thing you might see play out tomorrow: Massive drop on the open (market makers taking out all the stop orders) and then the stock climbs until about 10:00-10:30AM, then who knows after that. In fact, if I have a stock that’s already close to a stop in the session prior to announcement, I’ll often cancel the stop-loss order completely, let the drama play out for the next trading session and then I’ll do one of two things by the close: 1. Sell it as best I can if it stays below my stop price for most of the day or 2. Put my exact stop back in after the drama is done if it is above my stop.

  33. D-FENS says:

    34 – Both my kids rooms are filled with crap from that company.

  34. D-FENS says:

    And, of course, every snowman in the neighborhood was named “olaf”.

  35. Libturd at home says:

    I’m home watching a sick kid today. I’m on my 5th episode of Mickey Mouse Clubhouse after 2 episodes of Myles from Tomorrowland. I just noticed that when Myles gets pissed off, he mutters, “Craters.” Love that Disney!

  36. Libturd at home says:

    Speaking of Olaf, has anyone watched the “Frozen” episode of Happyish? Best show on television, but I think I’m the only one who watches it. The shart of Jesus was pretty brilliant as well.

  37. Comrade Nom Deplume, back at sea level says:

    Dealing with computer issues all morning. New IT consultants installing all their own stuff. So haven’t followed trading.

  38. Comrade Nom Deplume, back at sea level says:

    Expat and grim, this is for you

    http://aws.amazon.com/service-terms/

    Go to section 57.10

  39. chicagofinance says:

    check it out ……

    Description REYNOLDS AMERN INC
    Symbol RAI3922486
    CUSIP 761713AX4
    Offer TENDER
    Offer Description OFFER BY REYNOLDS AMERICAN
    Subject To IRC 302 Withholding NO
    Other Offers Available

    Offer Dates
    Cut-Off Date 02/17/2016 Cut-Off Time 19.00.00
    Withdrawal Date 02/17/2016 Withdrawal Time 12.00.00
    Expiration Date 02/18/2016 Expiration Time 17.00.00

    + GENERAL OFFER TERMS: REYNOLDS AMERICAN INC. (‘RAI’) IS OFFERING TO PURCHASE, FOR THE APPLICABLE SERIES OF NOTES PURSUANT TO THE OFFER, UP TO AN AGGREGATE PURCHASE PRICE OF USD2,800,000,000 (THE ‘TENDER CAP’), SUBJECT TO PRORATION, PLUS ACCRUED AND UNPAID INTEREST UP TO, BUT EXCLUDING, THE APPLICABLE SETTLEMENT DATE. + ++++++THE ABOVE NOTES HAVE AN ACCEPTANCE PRIORITY LEVEL OF 2 OUT OF 7.+++ +

    PAYMENT CONSIDERATION: HOLDERS WHO TENDER AT OR PRIOR TO 5:00PM NEW YORK CITY TIME ON 02/18/16 (THE ‘EARLY TENDER DATE’) WILL RECEIVE THE ‘TOTAL CONSIDERATION’ FOR EACH USD1,000 PRINCIPAL AMOUNT OF NOTES TENDERED, WHICH WILL BE DETERMINED BY REFERENCE TO THE FIXED SPREAD OF 135 BASIS POINTS OVER THE YIELD BASED ON THE BID SIDE PRICE OF THE 1.375 PERCENT U.S. TREASURY NOTES DUE 01/31/21 AS DISPLAYED ON THE PX1 BLOOMBERG REFERENCE PAGE, AS CALCULATED BY THE LEAD DEALER MANAGERS AT 2:00PM NYC TIME ON 02/19/16 (THE ‘PRICE DETERMINATION DATE’), SUBJECT TO PRORATION.

    THE TOTAL CONSIDERATION INCLUDES AN ‘EARLY TENDER PREMIUM’ OF USD30.00 PER USD1,000 PRINCIPAL AMOUNT OF NOTES FOR HOLDERS WHO TENDER ON OR BEFORE THE EARLY TENDER DATE. HOLDERS WHO TENDER AFTER THE EARLY TENDER DATE BY PRIOR TO THE OFFER EXPIRATION DATE OF 03/03/16 WILL RECEIVE THE TOTAL CONSIDERATION LESS THE USD30.00 PER USD1,000 PRINCIPAL AMOUNT EARLY TENDER PAYMENT, SUBJECT TO PRORATION.

  40. D-FENS says:

    Quick quiz…(without googling…) who said this:

    “We are soc1al1sts, we are enemies of today’s capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are all determined to destroy this system under all conditions.”

  41. Comrade Nom Deplume, back at sea level says:

    Looks like you all will get Christie Kreme back full time in the near future.

  42. [40] WTF? Did a lawyer who was quitting just put that in for fun?

  43. [45] I get it. Lumberyard is a game engine, so it’s an Easter egg intentionally thrown in just for fun.

  44. Oooo… Ooooo… I get to cut and paste a Tweet!

    @FoxBusiness
    Breaking News: @ChrisChristie is suspending his campaign.
    10:40 AM – 10 Feb 2016

    Gee, that was easy… no brain cells required. No wonder Anon does it so frequently.

  45. D-FENS says:

    If I were Christie, I’d get the fanciest most ornate veto pen I could find and make a spectacle out of vetoing any and every bill a Democratic legislator wrote or sponsored.

  46. grim says:

    I thought NJ was no longer passing him bills, instead putting everything on the ballot for public vote.

    His veto pile just be at least a foot deep at this point.

  47. grim says:

    Am I the only one that thinks putting a public referendum to vote on a $15 minimum wage is insanity?

  48. Alex says:

    51-

    Speaking of minimum wage, according to marketwatch.com, there are now 260,000 robots working in US factories.

  49. 1987 Condo says:

    #51..I already read the book as a kid….. https://en.wikipedia.org/wiki/War_with_the_Robots

  50. grim says:

    There are at least 260,000 robots that try to spam this blog every day.

  51. NJGator says:

    My favorite Christie headline so far today:

    Report: Chris Christie to Abandon Dream of Escaping New Jersey

    …Stuck in New Jersey so matter how hard he tries to get out—it would make a great Bruce Springsteen song, if Bruce didn’t hate Christie so much…

    http://gawker.com/chris-christie-abandons-dream-of-escaping-new-jersey-1758259139

  52. D-FENS says:

    Tax the krap out of him if he tries to leave.

  53. leftwing says:

    51. That headcount include Punkin?

  54. Alex says:

    56-

    Don’t insult the robots.

  55. leftwing says:

    54.

    Clicking through to the next Gawker article, here is the most disturbing line…..

    “Capital New York points to a cache of messages that Christie sent to a Springsteen-centric email listserv back in 1999 and 2000…”

    Whoa. Guess nothing really ever does disappear from the interwebs.

  56. Splat says:

    Fat doesn’t sell.

  57. nwnj3 says:

    I wouldn’t assume that Christie has given upon a job in DC. He never took on Trump or Cruz, and provided both of them with a big boost by targeting Rubio.

  58. FKA 2010 Buyer says:

    Today’s Privilege News….ranks up there with the “affluenza” defense
    —————-
    In his defense, Donald Trump’s lawyers say he’s been bashing immigrants for years.

    In papers filed in Manhattan Federal Court, the bombastic billionaire’s attorneys say Univision didn’t have the right to dump Trump’s Miss Universe pageant because of his ugly comments about Mexicans at his presidential announcement in June — because he has a long history of trashing Mexicans.

    Univision dropped Trump’s pageant last year after his caustic comments that illegal Mexican immigrants are druggies and rapists, arguing his comments were a “cataclysmic” event that voided their contract.

    In court filings, Trump’s lawyers said the remarks were totally “foreseeable.”

    http://www.nydailynews.com/news/politics/trump-trashing-immigrants-not-surprise-lawyers-article-1.2527156

  59. LOL. I was just able to find my usenet postings from 1997.

    Whoa. Guess nothing really ever does disappear from the interwebs.

  60. I wrote this on the usenet in 1997. How quaint to assume 5% inflation and 10% annual returns, right?

    I don’t know what inflation numbers you use for retirement planning, but I
    use 5%. At that rate when I’m 65, in the year 2025, College grads who get
    $30K right out of school now will be earning $100K then. So the $260K/year
    cash flow that $2.6 million will bring me would be roughly equivalent to
    living on $78K/year now. Comfortable, but not a Rockafeller, for sure. I
    would not expect this would put me in a particularly high tax bracket in
    2025, but who knows. For planning purposes, I do not see myself being
    taxed 45% on distributions from my 401(K).

  61. Christie just doesn’t know how to rock it. 1. He should have a really long beard. 2. He needs his own mega-retro line of suits with a name like Teapot Dome , Tammany Hall, or Boss Tweed.

    Fat doesn’t sell.

  62. Ben says:

    Looks like you all will get Christie Kreme back full time in the near future.

    Full time? He was out campaigning from day 1.

  63. The way to have power is to take it.

    I don’t care who does the electing, so long as I get to do the nominating.

    -Boss Tweed

  64. Liking my large position in CTL after they blew out earnings and gave favorable guidance.

  65. Gator [54];

    Speaking of Bruce, I happen to know some of the individuals involved personally. I’m not the least bit surprised.

    http://nypost.com/2016/02/09/cool-dad-writes-late-note-for-daughter-after-springsteen-concert/

  66. [68] I’m surprised there wasn’t a final line:

    P.S. Also, we smoked some big-a$$ blunts and hit up White Castle on the way home.

  67. Essex says:

    65. I knew it was way too quiet around here.

  68. expat (63)-

    Instead of a normal economy, we get 50-100 years of wandering in the wilderness, sleeping in the open, gnashing of teeth and warming ourselves next to trashcan fires.

    And, we have gotten what we deserve.

    “I wrote this on the usenet in 1997. How quaint to assume 5% inflation and 10% annual returns, right?”

  69. expat (64)-

    Thanks for now searing the image of Christie as a fat, indolent hipster into my brain forever.

  70. expat (69)-

    Once again, life imitates Harold and Kumar.

    “P.S. Also, we smoked some big-a$$ blunts and hit up White Castle on the way home.”

  71. chicagofinance says:

    clot: I found your horoscope prediction.
    https://www.youtube.com/watch?v=lSPNQ82Sq4E

  72. chi (74)-

    I pity the fool who fails to heed.

  73. Leave No Billionaire Behind (the good one) says:

    @mtaibbi

    Now it’s back to walking the streets of Trenton, telling strangers about how you used to be a federal prosecutor.

  74. grim says:

    Attorney General Christie

  75. leftwing says:

    Big prize. Needs to bring something to the table for that one. Any possible way to carry NJ for Trump?

    Otherwise he’s just one of fifteen guys who didn’t make the cut…..

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