February 14, 2019 Comments (0) Views: 359 Texas News, Top Texas

Nationally and in Texas, Delinquency and Foreclosure Rates are Down

CoreLogic’s report concerning loan performances showed that nationally, 4.1% of mortgages were in some stage of delinquency in November 2018, representing a 1.1%-point decline year over year. Additionally, the foreclosure inventory rate stood at 0.4%, which was down 0.2% points from November 2017, and the lowest for any month since January 2000.

Delinquency in the Texas metros also declined year over year, with foreclosure rates remaining steady. The largest drop in delinquency rates took place in the Houston metro. Though the CoreLogic report didn’t specify why, it’s possible that the housing market had taken a hit from Hurricane Harvey in late 2017.

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