The WPJ
Residential Real Estate News
U.S. Housing Market Reports Continued Decline in Foreclosures in December; Uptick in Delinquency Rates
According to Lender Processing Services' (LPS) "first look at December 2012 report", the U.S. housing market enjoyed a decline in overall foreclosures, but experienced a slight increase in delinquency rates.LPS December 2012 report highlights include:
- Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.17%
- Month-over-month change in delinquency rate: 0.74%
- Year-over-year change in delinquency rate: -9.11%
- Total U.S. foreclosure pre-sale inventory rate: 3.44%
- Month-over-month change in foreclosure presale inventory rate: -1.99%
- Year-over-year change in foreclosure pre-sale inventory rate: -18.05%
- Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,576,000
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,545,000
- Number of properties in foreclosure pre-sale inventory: (B) 1,716,000
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,292,000
- States with highest percentage of non-current loans: FL, MS, NJ, NV, NY
- States with the lowest percentage of non-current loans: MT, WY, AK, SD, ND
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