Foreclosure Inventory Shrinks

According to data released yesterday from CoreLogic, the national foreclosure inventory (homes in some stage of foreclosure) is down 24% in April 2013 compared to 2012.  The foreclosure inventory has been declining for the past seventeen months, and is at its lowest point in six years.  There are only a few bank owned properties currently listed on St. George Island – only two REO houses and three REO lots.  This is a strong indication of market recovery.

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