The U. S. foreclosure inventory fell from 1.1 million in the first quarter of 2013 to 720,000 for the comparable period one year later, a drop of 37 percent. Based on CoreLogic’s National Foreclosure Report, worldpropertychannel.com informs MHProNews.com the foreclosure inventory as of March represented 1.8 percent of all homes with a mortgage, compared to 2.8 percent in March 2013. The foreclosure inventory fell 5.1 percent from February 2014, the 29th month of year-over-year declines. Foreclosures for the period March 2013 to March 2014 fell ten percent, from 53,000 to 48,000. The 45,000 foreclosures in Feb. 2014 were more than double the average number of 21,000 monthly foreclosures for the period from 2000 to 2006. ##

(Image credit: cosmometropolis.com)