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Foreclosure rates drop, homeowners still struggling | Real Estate

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Foreclosure rates drop, homeowners still struggling
Real Estate
Foreclosure rates drop, homeowners still struggling

LITTLE ROCK, Ark. (KTHV) -- A new housing report out today indicates foreclosure rates in the Little Rock, North Little Rock and Conway areas are falling, despite the fact many are behind on their house payments.

These figures – coming from CoreLogic – show foreclosure rates in September 2011 at nearly one and a quarter percent.

Down from this same time last year, the rate is also lower than the national foreclosure rate. That rate still sits at almost three and a half percent.

However, the report also says homeowners are having trouble keeping up with their house payments.

The local mortgage delinquency rate is nearing five percent – more than it was at this time last year.

Real Estate