Last week RealtyTrac released its 2015 Year-End US Foreclosure Market Report, which shows annual foreclosure filings (default notices, scheduled auctions, and bank repossessions). According to the data, foreclosures are down 3 percent from 2014 and at a nine-year-low on a national level, and California's doing even better. In 2015, California saw 92,671 homes get foreclosed upon, or 0.68 percent. That adds up to a 14.66 percent decrease from 2014, and an incredible 83.05 percent decrease from the 2010 peak. RealtyTrac Vice President Daren Blomquist said that 2015 "saw a return to normal, healthy foreclosure activity in many markets."
Nationally, foreclosures were down 3 percent from 2014 and 62 percent from 2010. The report also found that during 2015, homes were in the foreclosure process for a shorter period of time.
Check out the graphic below to see the counties in California that had the highest and lowest percentage of foreclosures in 2015.
