Foreclosures rates are falling, but some states are still battling high levels. According to nationwide averages, the foreclosure inventory as of March represented 2.8 percent of all homes with a mortgage — that’s down from 3.5 percent in February.

In CoreLogic’s latest report reflecting March data, the following five states posted the highest foreclosure inventories (as a percentage of all mortgaged homes):

  • Florida: 9.7 percent
  • New Jersey: 7.3 percent
  • New York: 5 percent
  • Maine: 4.4 percent
  • Illinois: 4.4 percent

Meanwhile, the five states with the lowest foreclosure inventories were:

  • Wyoming: 0.5 percent
  • Alaska: 0.7 percent
  • North Dakota: 0.7 percent
  • Nebraska: 0.9 percent
  • Montana: 0.9 percent

 

The author of this article is: realtormag.realtor.org

 See the original post at: http://realtormag.realtor.org/daily-news/2013/05/09/5-states-highest-foreclosure-inventories

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