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
Source: CoreLogic
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