Foreclosure inventory nationwide declined by 24.3 percent and completed foreclosures declined by 17.6 percent compared with September 2014, according to a report released today by CoreLogic, a property information analytics firm.

CoreLogic President and CEO Anand Nallathambi said the rate of delinquencies is continuing to drop back to historic norms.

“As we head into 2016, based on almost every major metric, the fundamentals underpinning the housing market are healthier than any time since 2007,” he said.

The number of foreclosures nationwide decreased year over year from 67,000 in September 2014 to 55,000 in September 2015. The number of completed foreclosures in September 2015 is a decrease of 52.8 percent from the peak of 117,438 in September 2010.

Since the financial crisis began in September 2008, there have been approximately 6 million completed foreclosures across the country, and since homeownership rates peaked in the second quarter of 2004, there have been about 8 million completed foreclosures.

As of September 2015, the national foreclosure inventory included approximately 470,000, or 1.2 percent, of all homes with a mortgage compared with 621,000 homes, or 1.6 percent, in September 2014.

CoreLogic also reports that the number of mortgages in serious delinquency (defined as 90 days or more past due, including those loans in foreclosure or REO) declined by 21.2 percent from September 2014 to September 2015 with 1.3 million mortgages, or 3.4 percent, in this category. This is the lowest serious delinquency rate since December 2007. The foreclosure rate (defined as the share of all loans in the foreclosure process) was at 1.2 percent as of September 2015, which is back to the December 2007 level.