The number of completed foreclosures nationwide decreased 16.2 percent to 38,000 between January 2015 and January 2016, according to a new report released today by CoreLogic, a property information and analytics company.

As of January 2016, the national foreclosure inventory included approximately 456,000, or 1.2 percent, of all homes with a mortgage compared with 583,000 homes, or 1.5 percent, in January 2015. The January 2016 foreclosure inventory rate has been steady at 1.2 percent since October of 2015 and is the lowest for any month since November 2007.

The foreclosure inventory includes homes at some stage of the foreclosure process. Since homeownership rates peaked in the second quarter of 2004, there have been approximately 8.2 million homes lost to foreclosure.

The number of mortgages in serious delinquency (defined as 90 days or more past due) declined by 22.5 percent from January 2015 to January 2016, to 1.2 million mortgages in this category. That’s the lowest since November 2007, according to the report.

In a press release, Anand Nallathambi, president and CEO of CoreLogic wrote that the decrease in distressed properties across the country is contributing to rising prices in many markets.

“So far, the trend toward lower delinquency and foreclosures has been immune from shocks from such things as the collapse in oil prices attesting to the durability of the housing recovery,” Nallathambi said in a statement.

In Massachusetts, however, the foreclosure rate continues to climb.