News Column

BRIEF: Charleston region's foreclosure rate decreases, report says

May 28, 2014

By Tyrone Richardson, The Post and Courier, Charleston, S.C.



May 28--The foreclosure rate for the Charleston region continues to decrease.

Real estate information firm CoreLogic reported this week that outstanding mortgage loans were 2.05 percent in the Charleston-North Charleston-Summerville area in March, down from 3.30 percent in March 2013 and 4.05 percent in March 2012.

The region's rate remains higher than South Carolina and U.S. foreclosure rates, which averaged 1.84 percent and 1.86 percent, respectively, for March.

Also, the percentage of delinquent home loans continues to fall in the Charleston area. About 4.50 percent of mortgages in the area were 90 days or more behind in February, down from about 5.96 percent during the same month of 2013.

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(c)2014 The Post and Courier (Charleston, S.C.)

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Source: Post & Courier (Charleston, SC)


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