The foreclosure inventory at the end of June was at its lowest level since August 2007, according to data released Tuesday by CoreLogic.
The national foreclosure inventory dropped to 375,000, or 1%, of all homes with a mortgage, a decrease of 25.9% from June 2015, CoreLogic reported. Additionally, the number of completed foreclosures dropped to 38,000 from 40,000 last year.
Similarly, the serious delinquency rate, which includes all properties with loans that are 90 or more days past due, dropped 21.3% year over year to 1.1 million mortgages, representing its lowest value since September 2007.
