Connecticut foreclosure inventory declined by 21.7 percent in August, compared with a year prior, somewhat slower than the national decline of 29.6 percent, according to CoreLogic.
Connecticut’s serious delinquency rate was 3.6 percent, higher than the national average of 2.8 percent, the property analytics firm reported Tuesday.
At nearly 30 percent, the national foreclosure inventory is the highest it has been since January of 2015, said Fred Nothaft, chief economist at CoreLogic.
The decline “has been one of the drivers of steady home price growth, which helps Americans increase their home equity to support increased spending or cushion future economic risk,” he said in the report.
