The national foreclosure inventory continued to drop and dipped to the lowest level since 2007, the latest First Look report from Black Knight said.

The delinquency rate is down 3% from May and down nearly 16% from one year ago.

Additionally, June’s 79,000 foreclosure starts mark the second lowest post-crisis volume.

Click to enlarge

Chart 1

Source: Black Knight

Here’s how the top 5 states with 90+ days delinquent percentage fared, along with the top 5 states broken up by 6-month improvement. 

Click to enlarge 

Chart 1

Source: Black Knight 

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