Completed foreclosures nationwide declined 15.8 percent to 37,000 in April 2015 from April 2016, according to a new report from CoreLogic, a property information company. Completed foreclosures in April were up 0.3 percent from 36,000 in March 2016.

The national foreclosure inventory fell 23.4 percent to 406,000 in April 2016 and completed foreclosures fell 15.8 percent to 530,000 in April 2015.

The report says since the financial crisis began in September 2008, there have been approximately 6.2 million completed foreclosures nationally, and since homeownership rates peaked in the second quarter of 2004, there have been approximately 8.3 million homes lost to foreclosure.

The number of mortgages in serious delinquency (defined as 90 days or more past due including loans in foreclosure or REO) declined by 21.6 percent from April 2015 to April 2016 to a total of 1.1 million mortgages, according to the report. The April 2016 serious delinquency rate is the lowest in more than eight years, since October 2007.

“The recovery in home prices and improved labor market have contributed to the drop in seriously delinquent rates,” Dr. Frank Nothaft, chief economist for CoreLogic, said in a statement. “Over the 12 months through April, the CoreLogic Home Price Index for the U.S. rose 6.2 percent and the labor market gained 2.6 million jobs. We also found that the seriously delinquent rate fell by about three-quarters of a percentage point.”