Foreclosures in the greater Hartford area were down year over year in January but still surpass the national rate.
According to CoreLogic data, the rate of Hartford-West Hartford-East Hartford area foreclosures among outstanding mortgage loans was 1.5 percent in January of 2016, a decrease of 0.3 percentage points compared with January 2015, when the rate was 1.8 percent.
Connecticut’s statewide foreclosure rate is 1.8 percent. The national foreclosure rate was 1.2 percent for January 2016, reported CoreLogic, a global property information, analytics and services provider.
Also in the Hartford-West Hartford-East Hartford metropolitan area, the mortgage delinquency rate decreased. In the first month of this year, 3.8 percent of mortgage loans were 90 days or more delinquent compared with 4.7 percent for the same period last year. The state rate is 4.4 percent, down from 5.57 percent a year prior.
