Foreclosure Rates in Tampa-St. Petersburg-Clearwater Increase

Source: CoreLogic
A NEW HOUSING REPORT OUT TODAY INDICATES FORECLOSURE RATES IN THE TAMPA-ST. PETERSBURG-CLEARWATER AREA ARE ON THE RISE. THESE FIGURES – COMING FROM CORELOGIC – SHOW FORECLOSURE RATES UP IN MAY 2011 – OVER TWELVE PERCENT.
UP ALMOST ONE AND THREE QUARTERS PERCENT FROM THIS SAME TIME LAST YEAR, THE TAMPA-ST. PETERSBURG-CLEARWATER RATE IS ALSO HIGHER THAN THE NATIONAL FORECLOSURE RATE.
THAT RATE STILL SITS AT ALMOST THREE AND A HALF PERCENT.
THE REPORT ALSO SAYS HOMEOWNERS ARE HAVING TROUBLE KEEPING UP WITH THEIR HOUSE PAYMENTS.
THE LOCAL MORTGAGE DELINQUENCY RATE IS NEARING SEVENTEEN PERCENT – MORE THAN IT WAS AT THIS TIME LAST YEAR.
* Data and percentage point differences are rounded to the nearest tenth and may appear to affect calculations.