A report released today from CoreLogic, a global property information and analytics firm, concludes that nearly 7.8 million homes were lost nationwide in the decade following the peak of the U.S. foreclosure crisis.

Foreclosure inventory in Massachusetts peaked in March 2011, at 20,000, when the unemployment rate was 7.7 percent. In total, 65,000 Bay State homeowners lost their homes between 2007 and 2016.

At 2.5 percent, the Boston Core Based Statistical Area (CSBA) had the seventh highest foreclosure rate in the country at its peak.

Currently, nationwide delinquency rates – considered a leading indicator of future loan performance – are at about 0.9 percent. At the height of the foreclosure crisis, they were at 1.6 percent.

US Residential Foreclosure Crisis: 10 Years Later

by Jim Morrison time to read: <1 min
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