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Number of foreclosures increase | Real Estate

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Number of foreclosures increase
Real Estate
Number of foreclosures increase

LITTLE ROCK, Ark. -- A new housing report out earlier this week indicates foreclosure rates in the Metro Area are on the rise. These figures – coming from Ccorelogic – show foreclosure rates up in may 2011 – over one and a quarter percent.

While that's up almost a quarter percent from this same time last year, that rate is actually lower than the national foreclosure rate.

That rate still sits at almost three and a half percent.

The report also says homeowners are doing a good job of keeping up with their house payments.

The local mortgage delinquency rate is over four and a half percent – that's down from what it was at this time last year.

Real Estate