November 26

Charlotte Foreclosure Activity Rates Remain Unchanged

0  comments

According to a report released by CoreLogic last Tuesday, residential foreclosure activities in Charlotte last September remain to be below the year-ago rates. However, there have been no improvements in such area.

In the month of September, the foreclosure rate in Charlotte-Concord-Gastonia metro was 1 percent, which is down from 1.8 percent a year ago. Such figures remain the same from August.

But the local foreclosure activity rate remains better than the national rate of 1.6 percent for the month of September while it is still higher than the statewide rate of North Carolina at 0.9 percent.

CoreLogic’s report also shows that the mortgage-delinquency rate in Charlotte has also dropped year-over-year with only 3.7 percent of mortgage loans delinquent 90 days or more. This is a slight decline from September 2013’s rate at 4.8 percent. But like the residential foreclosure activity rates in Charlotte, such figure also remains the same from August.

Overall, CoreLogic’s report shows that both figures have greatly improved every month since the early months of 2012.

Like What You've Read?

If so, please join our newsletter and receive exclusive weekly home buying tips, financing guides and Charlotte, NC real estate news. Enter your email and click Send Me Free Updates


Tags

Charlotte, Charlotte Foreclosure, Charlotte Real Estate, Foreclosure, Foreclosure Rate, How’s the Market TV, Nancy Braun, North Carolina Foreclosure, Real Estate, showcase realty


You may also like

What Affordable Upgrades Will Improve Your Charlotte NC Home’s Value?

Showcase Realty Announces Its Growing Team of Agents

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}