Tuesday, November 20, 2012

Charlotte foreclosure rate continues slide

Foreclosure rates in the Charlotte-Gastonia-Rock Hill area fell in September compared to the previous month and the same time last year, according to CoreLogic, a real estate analytics firm.

The area's foreclosure rate was 3.15 percent in September, down from 3.42 percent in September 2011 and down from 3.29 percent in August 2012.

The local foreclosure rate is lower than the national rate, which was 3.25 percent, CoreLogic reported Tuesday.

Also noteworthy: The percentage of area loans 90 days or more delinquent fell. This is an indicator of future foreclosure activity.

In September, 6.63 percent of mortgage loans were late 90 days or more, down from 6.98 percent during the same time last year. The U.S. delinquency rate in September was 5.49 percent, down from 5.65 percent in 2011.


Anonymous said...

Start comparing with 07 and 08 numbers too

Anonymous said...

What are total foreclosures? Not just the rate. If the inventory has gone up 25%, the same "rate" would actually indicate an increase. A decrease if the inventory went down.