Foreclosures Fall to 20-Year Low

FRESNO, Calif. (KMJ) — Foreclosure inventory is at .4%, with a new CoreLogic report showing a rate that’s the lowest since early 1999.

Meanwhile, mortgage delinquencies are down to a 13-year low, with 4 percent of homeowners falling behind.

Some metro areas have seen delinquencies increase in recent months, such as Chico, where the devastating Camp fire struck last year.

However, economists say the strong economy, tight labor market, and record levels of home equity, should keep delinquencies at bay in the coming months.



Aaron Abeytia

Aaron Abeytia anchors afternoon newscasts on News/Talk 580 & 105.9 KMJ. Read More…

Copyright © 2018 Cumulus Media. All Rights Reserved.