Affordable Housing, Community Development, Reports and Publications, Supportive Housing

CoreLogic Reports CT Leading in Foreclosures

CoreLogic
 

CoreLogic recently released its National Foreclosure Report and found that Connecticut had the eighth highest foreclosure inventory rate (i.e., homes at some stage of foreclosure). Six of the top ten were all in the northeast region: New Jersey (3.2 percent), New York (2.9 percent), Maine (1.8 percent), Connecticut (1.5%), Delaware (1.5%), and Rhode Island (1.3%). The national foreclosure inventory rate was 0.9%. This is the lowest rate since July 2007.

CoreLogic’s results also revealed that the foreclosure inventory in Connecticut reduced by slightly over 20% between August 2015 and August 2016. However, the national foreclosure inventory experienced a steeper decline of almost 30%.

Additionally, the report showed the serious delinquency rates (i.e., 90 days or more past due) for each state. Connecticut’s delinquency rate (3.6%) was higher than the national average (2.8%).

Click here to read more. 

 
 

Filter News By