The percentage of foreclosures in the Hartford metropolitan area is dropping but still lags behind national averages. Delinquency rates are down, too
According to property analytics firm CoreLogic, the rate of Hartford-West Hartford-East Hartford area foreclosures among outstanding mortgage loans was 1.48 percent for Feb. 2016, a decrease of 0.23 percentage points compared with Feb. 2015 when the rate was 1.71 percent.
Foreclosure activity in Hartford-West Hartford-East Hartford was higher than the national foreclosure rate, which was 1.13 percent for Feb. 2016. The statewide foreclosure rate was 1.75 percent, down from 2.11 percent in Feb. 2015.
Also in Greater Hartford, the mortgage delinquency rate decreased. According to CoreLogic data for Feb. 2016, 3.71 percent of mortgage loans were 90 days or more delinquent compared with 4.64 percent for the same period last year, representing a decrease of 0.93 percentage points.
The state delinquency rate is 4.26 percent. The national rate is 3.16 percent.
