The foreclosure rate for the Houston-Sugar Land-Baytown area keeps rising, but it’s still well below the national average. As of May, 1.64 percent of all area mortgages were in some stage of foreclosure, according to data firm CoreLogic. That’s the highest level in quite a while, and a little more than half a percentage point higher than the rate last May. The national figure is 3.15 percent.
Also in CoreLogic’s latest report: 6.03 percent of area mortgage loans were 90 days or more delinquent in May, almost a point and a half higher than the same period last year, but down a bit from a peak in January. The nationwide rate is up to 8.22 percent.
- Foreclosure Rates in Houston-Sugar Land-Baytown Increase [CoreLogic]
- Previously on Swamplot: Where the Action Was: Houston Summer Foreclosure Map