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CoreLogic: Foreclosure rate falls

Wed, Jul 25, 2012

News

The foreclosure rate in Colorado Springs dropped slightly from this time last year.

According to real estate analytics firm CoreLogic, the foreclosure rate dropped .15 percent points from 1.58 percent in May 2011 to 1.43 percent in May 2012.

The drop was slightly higher than the national average, where foreclosure rates only fell 0.05 percentage points and rates remain higher at 3.41 percent in May 2012.

Rates dropped more dramatically in Colorado, where foreclosures fell .21 percent to match Colorado Springs’ foreclosure rate of 1.43 percent.

Mortgage delinquency of 90 days or more also dropped. It fell from 4.05 percent in May 2011 to 3.84 percent in May 2012.

 

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