The number of Ohio homes in some stage of foreclosure fell slightly over the last year, a new national report says.
CoreLogic, a real estate data provider, reported Tuesday that the state’s foreclosure inventory — the number of mortgaged homes in the foreclosure process — declined 0.6 percent between March 2012 and March 2013.
The percentage of Ohio homes in foreclosure stood at 3 percent in March.
The national average was 2.8 percent, with a 0.7 percent decline.
Nationwide, about 1.1 million homes were in foreclosure in March, compared with 1.5 million the previous year.
“In March, completed foreclosures were down 52 percent from the peak in 2010, and almost all of the top 100 major metropolitan areas have declining foreclosure rates,” CoreLogic chief economist Mark Fleming said in a prepared statement. “The foreclosure rate nationally is down 23 percent relative to a year ago, signaling continued reduction in the stock of distressed assets.”
Meanwhile, 30,404 foreclosed properties in Ohio were auctioned or sold over the last year, nearly the same amount from the previous 12-month period.
Ohio ranked seventh nationwide in terms of completed foreclosures.
Florida was first with 102,847. The rest of the top five were California (83,310), Michigan (70,315), Texas (53,359) and Georgia (48,199).
Rick Armon can be reached at 330-996-3569 or rarmon@thebeaconjournal.com.
