Number of Foreclosed Homes Holds Steady, CoreLogic Says

Before you go, we thought you'd like these...
Before you go close icon
Foreclosure sign in front of Arizona homeThe number of foreclosed homes held steady in April, while there were fewer properties sitting in the pipeline, fresh signs the housing recovery is on track, data from CoreLogic showed on Wednesday. There were 52,000 foreclosures completed last month, the same amount as in March, but down about 16 percent from 62,000 in April last year, CoreLogic said.

Before the housing crisis, foreclosures averaged 21,000 a month between 2000 and 2006. There have been about 4.4 million completed foreclosures since the financial crisis began in September 2008. There were about 1.1 million homes in some stage of foreclosure in April, down 2 percent from the month before and a drop of 24 percent from a year ago. Foreclosure inventory accounts for 2.8 percent of all mortgaged homes.

The recovery in the housing market has gained traction since the sector got back to its feet last year. Data on Tuesday showed home prices saw their biggest annual gain in nearly seven years in March. Improving sales, low interest rates and tight inventory have also helped the market.

"Fewer distressed properties, combined with improving home prices and a pickup in home purchases are significant signals that the ongoing recovery in the housing and mortgage markets continues to gather steam," said Anand Nallathambi, chief executive officer of CoreLogic. Just five states -- Florida, California, Michigan, Texas and Georgia -- accounted for almost half of all completed foreclosures.

(Reporting by Leah Schnurr; editing by Andrew Hay.)

15 PHOTOS
14 Cities With the Most Foreclosures
See Gallery
Number of Foreclosed Homes Holds Steady, CoreLogic Says

1 in every 417 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 748
Change from February 2013: -7.54 percent
Change from March 2012: +19.87 percent

Find foreclosures for sale in Akron, Ohio, or search foreclosure listings in your area.

Photo: Threeblur0/Wikimedia Commons

1 in every 416 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 924
Change from February 2013: +0.11 percent
Change from March 2012: +106.71 percent

Find foreclosures for sale in Dayton, Ohio, or search foreclosure listings in your area.

Photo: Uriel 1998/Flickr

1 in every 411 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 260
Change from February 2013: +124.14 percent
Change from March 2012: +584.21 percent

Find foreclosures for sale in Olympia, Wash., or search foreclosure listings in your area.

Photo: Quiltsalad/Flickr

1 in every 395 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 541
Change from February 2013: +11.55 percent
Change from March 2012: +23.52 percent

Find foreclosures for sale in Port St. Lucie, Fla., or search foreclosure listings in your area.

Photo: sylvar/Flickr

1 in every 351 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 766
Change from February 2013: -25.99 percent
Change from March 2012: -2.30 percent

Find foreclosures for sale in Palm Bay, Fla., or search foreclosure listings in your area.

Photo: MicheleHaro/Wikimedia Commons

1 in every 342 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 11,070
Change from February 2013: -3.27 percent
Change from March 2012: -13.64 percent

Find foreclosures for sale in Chicago, or search foreclosure listings in your area.

Photo: TonyTheTiger/Wikimedia Commons

1 in every 321 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 508
Change from February 2013: -24.29 percent
Change from March 2012: +15.98 percent

Find foreclosures for sale in Ocala, Fla., or search foreclosure listings in your area.

Photo: Luv24jmg/Wikimedia Commons

1 in every 319 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 2,476
Change from February 2013: +52.37 percent
Change from March 2012: +62.25 percent

Find foreclosures for sale in Columbus, Ohio, or search foreclosure listings in your area.

Photo: John Mueller/Wikimedia Commons

1 in every 313 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 4,300
Change from February 2013: -19.11 percent
Change from March 2012: 18.33 percent

Find foreclosures for sale in Tampa, Fla., or search listings in your area.

Photo: LoneStarMike/Wikimedia Commons

1 in every 309 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 1,923
Change from February 2013: -2.44 percent
Change from March 2012: +3.78 percent

Find foreclosures for sale in Jacksonville, Fla., or search foreclosure listings in your area.

Photo: Excel23/Wikimedia Commons

1 in every 299 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 487
Change from February 2013: -2.60 percent
Change from March 2012: -14.41 percent

Find foreclosures for sale in Rockford, Ill., or search foreclosure listings in your area.

Photo: Ben Jacobson/Wikimedia Commons

1 in every 291 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 3,200
Change from February 2013: -22.78 percent
Change from March 2012: +6.77 percent

Find foreclosures for sale in Orlando, Fla., or search foreclosure listings in your area.

Photo: Bill Dickinson/Wikimedia Commons

1 in every 264 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 3,143
Change from February 2013: +7.05 percent
Change from March 2012: -4.79 percent

Find foreclosures for sale in Las Vegas, or search foreclosure listings in your area.

Photo: Lasvegaslover/Wikimedia Commons

1 in every 222 homes received a foreclosure filing in March 2013
Properties with foreclosure filings: 11,078
Change from February 2013: -1.41 percent
Change from March 2012: +11.40 percent

Find foreclosures for sale in Miami, or search foreclosure listings in your area.

Photo: Marc Averette/Wikimedia Commons

of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

See more about foreclosures:
What's Behind the Foreclosure Surge in New York, New Jersey
Why Buyers Should Consider Foreclosures or Short Sales
Here's What You Can Buy With Your Foreclosure Settlement

More on AOL Real Estate:
Find out how to
calculate mortgage payments.
Find
homes for sale in your area.
Find
foreclosures in your area.
Find homes for rent in your area.

Follow us on Twitter at @AOLRealEstate or connect with AOL Real Estate on Facebook.

What Not To Do If Your Home Is In Foreclosure
Read Full Story

Find a New Home

Buy
Rent
Value
Powered by Zillow

From Our Partners