real estate

Providence metro foreclosure rate drops

BLOOMBERG NEWS
DECEMBER FIGURES FROM the Providence-Fall River-New Bedford area mirror the national trend, as both foreclosures and mortgage delinquencies fell. For a larger version of this graphic, CLICK HERE.
Posted 3/13/12

PROVIDENCE – The Providence-Fall River-New Bedford area foreclosure rate dropped 0.52 percentage points in December compared with the same period in December 2010, CoreLogic said Tuesday.

For the month, 2.55 percent of all outstanding mortgages were in foreclosure, compared with 3.07 percent in December 2010, the California-based real estate tracking firm said.

It was the second consecutive month of year-over-year foreclosure rate declines and put the Providence area even further below the national foreclosure rate of 3.37 percent.

The Providence area includes Bristol County, Mass., and all of Rhode Island except Newport County. The year-over-year Rhode Island foreclosure rate fell 0.72 percentage points in December to 2.58 percent.

Along with the foreclosure rate, the Providence area’s mortgage delinquency rate fell 0.27 percentage points in December compared with December 2010. The 7.44 percent of homes 90 days or more behind on mortgage payments is still above the national rate of 7.23 percent.

Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • 40 Under Forty
    We're almost sold out. The 10th Anniversary of 40 Under Forty, and PBN is planni ...
  • Healthiest Employers
    Save the date - August 14th - at the Providence Marriott for the 3rd annual Heal ...
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
    Advertisement