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Alabama foreclosure inventory continues decline in December

Photo credit: Bryan Davis

Alabama foreclosure inventory continues decline in December

Industries: Affordable Housing, Residential Real Estate

Markets: Statewide

Alabama foreclosure inventory dropped 24 percent in December, compared to the same period in 2015. 

According to the latest foreclosure data from CoreLogic, Alabama had a foreclosure inventory rate of 0.5 percent. 

Click here to read the entire report from CoreLogic

The Serious Delinquency Rate stood at 3.2 percent for the state. 

Overall, from December 2015-2016, there were 8,344 completed foreclosures, according to the report. 

Nationally, there were 21,000 completed foreclosures during the month of December a drop form 36,000 foreclosures during December 2015. 

The foreclosure rate nationwide is 0.8 percent, with a 2.6 percent Serious Delinquency Rate. The latter is down 19 percent from a year ago. 

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