The nation’s foreclosure inventory has contracted for 18 consecutive months and is now at its lowest point since the end of 2008, totaling 2.54 percent of today’s active mortgages,
The company’s latest report assessing loan-level data on the performance of mortgage assets through the end of October shows the industry’s foreclosure inventory rate is down 29.61 percent from last year. Through the first 10 months of 2013, the foreclosure inventory rate has plummeted 26 percent. With Tight Inventory, Prices Only Going Up From Here: A low number of homes for sale is pushing home prices up to double-digit gains year-over-year,
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