Photo credit: Bryan Davis
Alabama foreclosure inventory continues decline in December
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.
Translating it to Alabama