Going down: foreclosure rates in Manchester-Nashua
September numbers show a year-over-year drop of .17%
Foreclosure rates in Manchester-Nashua fell in September compared to a year earlier, according to newly released data from property information and analytics firm CoreLogic.
According to the CoreLogic data, the rate of Manchester-Nashua area foreclosures among outstanding mortgage loans was 0.80 percent for September 2014, a decrease of 0.17 percentage points from September 2013, when the rate was .097 percent. Foreclosure activity in Manchester-Nashua was lower than the national foreclosure rate, which was 1.60 percent for September.
The mortgage delinquency rate in Manchester-Nashua fell in September as well. According to CoreLogic, 2.79 percent of mortgage loans were 90 days or more delinquent compared to 3.51 percent for the same period a year earlier, representing a decrease of 0.44 percentage points.
The area’s foreclosure rate hit its peak in January 2013, when it stood at 1.20 percent. Since then, it has been steadily falling.