Nationwide foreclosure rates continued to slide downward in December 2015, according to a report released today by CoreLogic, a global property information provider.

The foreclosure inventory declined by 23.8 percent and completed foreclosures declined by 22.6 percent compared with December 2014, according to the report. The number of completed foreclosures nationwide decreased year over year from 41,000 in December 2014 to 32,000 in December 2015. To put it in context, the number of completed foreclosures in December 2015 was down 72.8 percent from the peak of 117,722 in September 2010.

Since the financial crisis began in September 2008, there have been approximately 6.1 million completed foreclosures across the country, and since homeownership rates peaked in the second quarter of 2004, there have been about 8 million homes lost to foreclosure.

As of December 2015, the national foreclosure inventory included approximately 433,000, or 1.1 percent, of all homes with a mortgage compared with 568,000 homes, or 1.5 percent, in December 2014. The December 2015 foreclosure inventory rate is the lowest for any month since November 2007.

CoreLogic also reports that the number of mortgages in serious delinquency (defined as 90 days or more past due) declined by 23.3 percent from December 2014 to December 2015, with 1.2 million mortgages, or 3.2 percent, in this category. The December 2015 serious delinquency rate is the lowest since November 2007.

In a press release, Anand Nallathambi, president and CEO of CoreLogic said the news is positive for the housing market, despite the fact that it also drives a decline inventory of affordable homes.

“The lack of housing stock, particularly affordable inventory, is a growing issue and will limit a full housing recovery in the short to medium term,” Nallathanmbi said in a statement.