Foreclosure Inventory News Today

CoreLogic’s April 2022 Loan Performance Insights Report, released Tuesday, found 2.9% of all mortgages in the U.S. were in some stage of delinquency, meaning 30 days or more past due, including those in foreclosure.  This number represents a 1.8 percentage point decrease compared to 4.7% in April of last year. All states and metro areas posted annual declines in their overall delinquency rates for the month of April.

Housing supply is currently at its lowest level since the 1970s. Goldman Sachs said the shortage could last for years due to millennial homebuying and fewer starts. There also wont be enough foreclosures to make a meaningful impact on the market, the bank says.  Supply for homes cant keep up with demand. At a point when the country badly needs more houses, housing starts fell 9.5% in April, and Goldman Sachs doesnt see the cavalry arriving soon. A May 2 note from Goldmans Ronnie Walker found t...