Connecticut’s foreclosure inventory rate still tops the national average, but the numbers dropped in January.
According to property-data vendor CoreLogic, foreclosure rates in Connecticut dropped almost 19 percent. However, at 1.8 percent of inventory in January 2016, the state exceeds the national average of 1.2 percent.
For the 12 months ending January 2016, there were 3,585 completed foreclosures compared to 5,456 for the 12 months ending January 2015. That represents an 18.9 percent decrease.
The number of homes in serious delinquency stood at 4.3 percent of inventory. That’s a 25 percent drop from January 2015.
Nationally, the foreclosure inventory declined by 21.7 percent and completed foreclosures declined by 16.2 percent compared with January 2015. The number of completed foreclosures nationwide decreased year over year from 46,000 in January 2015 to 38,000 in January 2016. The number of completed foreclosures in January 2016 was down 67.6 percent from the peak of 117,743 in September 2010.
