Nearly 5,500 foreclosures were completed in Louisiana in the 12-month period ending December 2015, according to CoreLogic, a global property information, analytics and data services providers.
The state’s foreclosure inventory, which represents the number of homes at some stage of the foreclosure process, included approximately 1.1% of all homes with a mortgage, a drop of 12.1% year over year.
The statistics are part of the December 2015 National Foreclosure Report released today.
Nationally, the foreclosure inventory declined by 23.8%, with completed foreclosures declining by 22.6% compared with December 2014.
Completed foreclosures decreased year over year nationwide, falling from 41,000 in December 2014 to 32,000 in December 2015, CoreLogic says. That’s a 72.8% drop from its peak of 117,722 in September 2010.
Four states—New Jersey (4.2%), New York (3.5%), Hawaii (2.4%), and Florida (2.3%)—and the District of Columbia (2.3%) have the highest foreclosure inventory rates in December 2015. Alaska (.3%), Minnesota (.3%), Colorado (.4%) Arizona (.4%) and Utah (.4%) had the lowest.
