Canyon View Real Estate, PLLC, Real Estate, Alpine, UT
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2014-02-21 14:51:51
Foreclosure and Delinquency Rates DOWN!

We all know it's been a long road through the recession and into recovery. As we all recover according to our own needs it's nice to be able to take a step back and appreciate the view of progress.

The Mortgage Bankers Association reports that our foreclosure and delinquency rates on 1 to 4 unit residential properties have reached the lows of 2008. 

Delinquency rates (meaning mortgages that are at least one month late on payments but not yet in the foreclosure process) have fallen to a seasonally adjusted rate of 6.39% as of the fourth quarter of 2013. 

Foreclosure rates have fallen to 2.86% as of the fourth quarter of 2013. 

MBA's Chief Economist and Senior Vice President, Michael Fratantoni, says, 'We continue to see substantial improvement in both delinquency and foreclosure rates, with most measures now back to pre-crisis levels... The percentage of loans in foreclosure has fallen for the seventh consecutive quarter.'

There is still room for significant improvement, but progress is being made. We should be proud of that.

 
Blog Archive
2014-09-04 16:44:32
Housing Conditions Improve

2014-08-14 14:27:41
Environmental Changes and Real Estate

2014-06-20 13:07:06
MAY REPORTS SHOW MAJOR LACK IN CONFIDENCE

2014-04-11 17:07:42
Q1 2014 Mortgage Origination

2014-04-04 16:08:40
Job Losses in the Recession

2014-03-07 15:20:03
The Effect of Student Loans on Housing Recovery

2014-02-21 14:51:51
Foreclosure and Delinquency Rates DOWN!

2014-01-30 16:27:10
December Existing-Home Sales

2014-01-17 14:36:01
Housing Shortage

2014-01-03 13:51:24
November Construction Hits Highest Since 2009

2013-12-20 16:30:27
Home Equity 2013

2013-12-13 14:30:43
New Home Purchases Decrease

2013-12-06 16:57:51
Consumer Sentiment


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