R.I., Mass. foreclosure inventories continue decline in Aug.

The Rhode Island foreclosure rate declined 0.8 percentage points in August compared with the same period last year, CoreLogic said Tuesday. More

To continue reading this article, please do one of the following.



real estate

R.I., Mass. foreclosure inventories continue decline in Aug.

COURTESY CORELOGIC
THE FORECLOSURE RATE on homes in Rhode Island fell 0.8 percentage points to 2.4 percent in August compared with the same period last year, while the Massachusetts rate declined 0.4 percentage points to 1.7 percent.
Posted 10/8/13

PROVIDENCE – The Rhode Island foreclosure rate declined 0.8 percentage points in August compared with the same period last year, CoreLogic reported Tuesday.

According to the California-based real estate data firm, 1,592 homes or 2.4 percent of all residential mortgages in the state were in some part of the foreclosure process in August.

The state’s foreclosure rate was 2.2 percent in July.

The Ocean State’s serious delinquency rate – defined as loans that are 90 days or more past due – was 6.8 percent in August and July.

In Massachusetts, the August foreclosure rate declined 0.4 percentage points compared with August 2012. Bay State homes in foreclosure totaled 2,971 in August, holding the state foreclosure’s rate at 1.7 percent.

The serious delinquency rate in Massachusetts was 4.9 percent in August, down from 5 percent in July.

The national foreclosure rate in August was 2.4 percent and declined 1 percentage point from last year. The national serious delinquency rate was 5.3 percent.

Total foreclosures nationwide numbered 48,000 in August.

“The foreclosure inventory continues to improve, as exhibited by these recent numbers,” said Mark Fleming, chief economist for CoreLogic. “A surge in completed foreclosures and a rise in the foreclosure inventory is unlikely given continued house price improvements and shortages of supply in many markets.”

Calendar
PBN Hosted
Events

Save the Date - Thursday, May 29th - for the Business Women Awards Luncheon at the Providence Marriott. Winners to be announced May 2nd.
  • Manufacturing Awards
    Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thur ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News