Foreclosure Inventory: Completed foreclosures and distressed inventory continued their downfall in June,
Data for last month showed 55,000 homes were lost to foreclosure, down 20 percent from June 2012. The decrease represents the 19th month-in-a-row completed foreclosures have ticked down. However, on a monthly basis, completed foreclosures inched up by 2.5 percent.
Since the financial crisis began in September 2008, about 4.5 million homes have been lost to foreclosure.
Rising Mortgage Rates Show Impact
Rising mortgage rates are beginning to impact the housing market, as pending home sales declined in June after reaching the highest level in more than six years
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