October 27, 2014

CoreLogic Report: Charlotte Market Foreclosure Rates Continue To Fall

CoreLogic Report Charlotte Market Foreclosure Rates Continue To Fall

corelogic logoAccording to the recent report released by CoreLogic Inc. regarding the foreclosure activities in Charlotte, it shows that residential foreclosures in Charlotte continue to drop.

Last August, the Charlotte-Concord-Gastonia metro foreclosure rate was down to 1 percent from 1.8 percent a year earlier.

This is actually much better than the current national foreclosure rate of 1.6 percent for the month according to the Irvine, California-based data firm however, worse compared to the statewide rate of North Carolina, which is now at 0.9 percent.

Aside from this, the mortgage-delinquency rate in the Charlotte market has also reduced from 5 percent last August 2013 to 3.7 percent of mortgage loans delinquent 90 days or more.

The report as well showed that both measures have seen good improvement monthly since early 2012. This has also been the case throughout the state.

CoreLogic provides consumer, financial as well as property information, analytics and other services to businesses especially the financial market, real estate and government entities. Currently, they have more than 5,000 across the world with approximately 60 offices within the United States.

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