Foreclosures were completed on 55,000 properties in the U.S. in March 2013, an increase of 6 percent from the month before but a decline of 16 percent from March 2012. Foreclosure activity has decreased over 50 percent (52) from when the number of foreclosures peaked back in 2010.
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Highlights of the Corelogic Foreclosure Report for March 2013:
- The five states with the highest number of completed foreclosures for the 12 months ending in March 2013 were: Florida (103,000), California (83,000), Michigan (70,000), Texas (53,000) and Georgia (48,000). These five states account for almost half of all completed foreclosures nationally.
- The five states with the lowest number of completed foreclosures for the 12 months ending in March 2013 were: South Dakota (81), District of Columbia (101), Hawaii (421), North Dakota (487) and West Virginia (554).
- The five states with the highest foreclosure inventory as a percentage of all mortgaged homes were: Florida (9.7 percent), New Jersey (7.3 percent), New York (5.0 percent), Maine (4.4 percent) and Illinois (4.4 percent).
- The five states with the lowest foreclosure inventory as a percentage of all mortgaged homes were: Wyoming (0.5 percent), Alaska (0.7 percent), North Dakota (0.7 percent), Nebraska (0.9 percent) and Montana (0.9 percent).
*February data was revised. Revisions are standard, and to ensure accuracy, CoreLogic incorporates newly released data to provide updated results.
Judicial Foreclosure States Foreclosure Ranking (Ranked by Completed Foreclosures):
| Judicial States | March 2013 | |||
|---|---|---|---|---|
| Foreclosure Inventory | Foreclosure Inventory Pct. Point Change from a Year Ago | Completed Foreclosures (12 months ending March 2013) | Number of Mortgages per Completed Foreclosure (12 month sum ending March 2013) | |
| National | 2.8% | -0.7% | 734,707 | 55 |
| Florida | 9.7% | -2.4% | 102,847 | 28 |
| Ohio | 3.0% | -0.6% | 30,404 | 46 |
| Illinois | 4.4% | -1.2% | 30,297 | 59 |
| Indiana | 2.8% | -0.7% | 18,234 | 45 |
| Pennsylvania | 2.8% | -0.2% | 13,399 | 105 |
| South Carolina | 3.0% | -0.8% | 10,900 | 57 |
| Louisiana | 2.2% | -0.3% | 9,301 | 47 |
| Oklahoma | 2.7% | 0.1% | 8,475 | 44 |
| Iowa | 2.0% | -0.2% | 5,260 | 66 |
| Massachusetts | 1.9% | -0.2% | 4,995 | 168 |
| Maryland | 3.5% | 0.4% | 4,576 | 213 |
| New York | 5.0% | 0.0% | 3,852 | 480 |
| Connecticut | 4.1% | -0.4% | 3,712 | 125 |
| New Jersey | 7.3% | 0.5% | 3,208 | 369 |
| Kansas | 1.5% | -0.3% | 2,819 | 105 |
| New Mexico | 3.0% | -0.4% | 2,615 | 93 |
| Kentucky | 2.1% | -0.7% | 2,417 | 177 |
| Nebraska | 0.9% | -0.1% | 1,997 | 105 |
| Delaware | 3.0% | 0.1% | 1,183 | 127 |
| Maine | 4.4% | 0.0% | 576 | 247 |
| North Dakota | 0.7% | -0.2% | 487 | 114 |
| Hawaii | 3.9% | -0.5% | 421 | 393 |
| South Dakota | 1.1% | -0.3% | N/A | N/A |
| Vermont | 1.0% | -0.4% | N/A | N/A |
Source: CoreLogic March 2013
Non-Judicial Foreclosure States Foreclosure Ranking (Ranked by Completed Foreclosures):
| Non-Judicial States | March 2013 | |||
|---|---|---|---|---|
| Foreclosure Inventory | Foreclosure Inventory Pct. Point Change from a Year Ago | Completed Foreclosures (12 months ending March 2013) | Number of Mortgages per Completed Foreclosure (12 month sum ending March 2013) | |
| National | 2.8% | -0.7% | 734,707 | 55 |
| California | 1.1% | -1.4% | 83,310 | 62 |
| Michigan | 1.3% | -0.7% | 70,315 | 19 |
| Texas | 1.2% | -0.3% | 53,359 | 54 |
| Georgia | 1.9% | -0.5% | 48,199 | 29 |
| Arizona | 1.3% | -1.5% | 36,857 | 27 |
| North Carolina | 2.0% | -0.5% | 25,960 | 51 |
| Tennessee | 1.4% | -0.5% | 21,655 | 34 |
| Missouri | 1.1% | -0.4% | 17,507 | 43 |
| Washington | 2.3% | 0.7% | 15,479 | 71 |
| Colorado | 0.9% | -0.6% | 15,119 | 58 |
| Minnesota | 1.0% | -0.7% | 14,194 | 59 |
| Virginia | 0.9% | -0.6% | 12,805 | 98 |
| Wisconsin | 1.6% | -0.6% | 11,868 | 63 |
| Nevada | 4.4% | -0.8% | 11,811 | 37 |
| Alabama | 1.4% | -0.1% | 6,964 | 77 |
| Oregon | 2.9% | -0.2% | 5,273 | 111 |
| Utah | 1.5% | -0.3% | 4,447 | 92 |
| Arkansas | 2.5% | 0.8% | 4,227 | 68 |
| Idaho | 2.1% | -0.4% | 4,139 | 54 |
| New Hampshire | 1.3% | -0.3% | 2,518 | 72 |
| Rhode Island | 3.1% | -0.1% | 1,600 | 78 |
| Montana | 0.9% | -0.5% | 1,488 | 85 |
| Mississippi | 2.1% | -0.7% | 1,139 | 200 |
| Alaska | 0.7% | -0.1% | 907 | 90 |
| Wyoming | 0.5% | -0.2% | 858 | 82 |
| West Virginia | 1.2% | -0.3% | 554 | 232 |
| District of Columbia | 2.2% | -0.4% | 101 | 911 |
Source: CoreLogic March 2013
Foreclosure Data for Select Large Core Based Statistical Areas (CBSAs) (Ranked by Completed Foreclosures):
| CBSA | March 2013 | |||
|---|---|---|---|---|
| Foreclosure Inventory | Foreclosure Inventory Pct. Point Change from a Year Ago | Completed Foreclosures (12 months ending March 2013) | Number of Mortgages per Completed Foreclosures (12 month sum ending March 2013) | |
| Atlanta-Sandy Springs-Marietta, GA | 2.1% | -0.7% | 31,028 | 30 |
| Phoenix-Mesa-Glendale, AZ | 1.2% | -1.7% | 24,593 | 28 |
| Chicago-Joliet-Naperville, IL | 5.1% | -1.4% | 19,796 | 60 |
| Riverside-San Bernardino-Ontario, CA | 1.7% | -1.9% | 17,284 | 37 |
| Tampa-St. Petersburg-Clearwater, FL | 10.2% | -2.2% | 15,172 | 28 |
| Houston-Sugar Land-Baytown, TX | 1.2% | -0.4% | 14,232 | 54 |
| Los Angeles-Long Beach-Glendale, CA | 1.2% | -1.3% | 13,684 | 83 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1.1% | -0.8% | 11,677 | 50 |
| Orlando-Kissimmee-Sanford, FL | 9.7% | -2.8% | 11,386 | 30 |
| Warren-Troy-Farmington Hills, MI | 1.1% | -0.8% | 11,230 | 36 |
| St. Louis, MO-IL | 1.3% | -0.4% | 10,524 | 40 |
| Dallas-Plano-Irving, TX | 1.3% | -0.3% | 10,361 | 59 |
| Sacramento–Arden-Arcade–Roseville, CA | 1.1% | -1.6% | 7,799 | 47 |
| Denver-Aurora-Broomfield, CO | 0.9% | -0.6% | 7,067 | 65 |
| Seattle-Bellevue-Everett, WA | 2.2% | 0.5% | 5,859 | 81 |
| Oakland-Fremont-Hayward, CA | 0.9% | -1.4% | 5,269 | 79 |
| San Diego-Carlsbad-San Marcos, CA | 0.9% | -1.2% | 5,120 | 86 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1.9% | -0.4% | 4,719 | 171 |
| Philadelphia, PA | 2.7% | -0.2% | 4,407 | 121 |
| Santa Ana-Anaheim-Irvine, CA | 0.9% | -1.2% | 3,479 | 125 |
| Portland-Vancouver-Hillsboro, OR-WA | 2.5% | -0.1% | 3,154 | 118 |
| Baltimore-Towson, MD | 3.4% | 0.4% | 1,945 | 223 |
| New York-White Plains-Wayne, NY-NJ | 5.5% | -0.2% | 993 | 923 |
| Edison-New Brunswick, NJ | 6.0% | 0.5% | 721 | 485 |
| Nassau-Suffolk, NY | 6.5% | -0.2% | 715 | 596 |
Source: CoreLogic March 2013
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