National foreclosure inventory fell to 470,000, or 1.2% of all mortgaged homes in August, compared with 629,000, or 1.6% of all mortgaged homes in August 2014, CoreLogic reported Tuesday.
Year-over-year, the number of foreclosures across the U.S. sunk nearly 69% to 36,000 from 46,000 in August 2014. On a monthly basis, this figure increased by less than 1% from a rounded 36,000 in July.
Overall, foreclosure inventory fell 25.2%, and completed foreclosures dropped 20.1% from last year. Florida remained the state with the most completed foreclosures at 94,000, while South Dakota had the least with just 45.
The number of mortgages in serious delinquency dropped to 1.3 million mortgages, a decline of 3.5% from last year. This represents the lowest figure since January 2008.
