Real Estate News

Washington holds steady with percentage of homes in some state of foreclosure

Washington state’s foreclosure inventory – the number of homes in some state of foreclosure – was at 1.6 percent in June, according to data released Thursday. That’s about the same as it was in May, and tracks closely with the national number of 1.7 percent.

Data analytics firm CoreLogic, which releases just state numbers, reported that Washington state saw 2,607 fewer foreclosures in June than in June 2013.

Nationally foreclosures were down 9.9 percent year over year, CoreLogic reported, but up 2.7 percent from May.

“While 32 straight months of year-over-year decline in the foreclosure rate is cause for celebration, the total number of homes still in the foreclosure process remains almost four times as high as the average in the early 2000s,” said Mark Fleming, chief economist for CoreLogic.

Other data from CoreLogic’s monthly report:

•  The five states with the highest number of completed foreclosures for the 12 months ending in June 2014 were: Florida (123,000), Michigan (43,000), Texas (33,000), California (34,000) and Georgia (31,000).These five states account for almost half of all completed foreclosures nationally.



•  The five states (including the District of Columbia) with the lowest number of completed foreclosures for the 12 months ending in June 2014 were: the District of Columbia (83), North Dakota (324), West Virginia (543), Wyoming (718) and Hawaii (836).



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