B.R. foreclosure rate down in June
According to a new report out this morning from CoreLogic, 2.23% of all homes in Baton Rouge were in foreclosure at the end of June. That's down from 2.36% in May, and from 2.39% in June 2011. The local foreclosure rate is slightly lower than the statewide average, which ended June at 2.36%, down from 2.48% in May, and 2.58% in June a year ago. The national foreclosure rate edged down to 3.27% in June, according to CoreLogic, from 3.41% a month previous and 3.48% a year previous. Meanwhile, Baton Rouge's mortgage delinquency rate—that is, the percentage of home loans three months past due or more—also fell in June to 5.22%. That's down from 5.39% in May and 5.51% a year ago. See a map from CoreLogic detailing foreclosure rates by ZIP code in the Baton Rouge area here.
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