Report: Foreclosure rates in Flint falling - WNEM TV 5

Report: Foreclosure rates in Flint falling

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(Source: Wikimedia Commons) (Source: Wikimedia Commons)

A new housing report shows foreclosure rates in the Flint area are falling.

A study from CoreLogic shows foreclosure rates in the Vehicle City in May 2016 at just over a half-percent, which is down from this time last year.

Location

90+ Day Delinquency Rate May 2016

90+ Day Delinquency Rate May 2015

Percentage Point Change in 90+ Day Delinquency Rate

Foreclosure Rate May 2016

Foreclosure Rate May 2015

Percentage Point Change in Foreclosure Rate

Michigan

1.94%

2.71%

-0.77%

0.34%

0.52%

-0.18%

Flint, MI

3.30%

4.60%

-1.30%

0.58%

0.82%

-0.24%

US

2.87%

3.64%

-0.77%

1.00%

1.32%

-0.32%

The Flint foreclosure rate is also lower than the national rate.

The report also said the local rate of homeowners failing to make payments on their home loan has also dropped.

Flint, MI

90+ Day Delinquency Rate

Foreclosure Rate

May 2016

3.30%

0.58%

April 2016

3.43%

0.62%

March 2016

3.51%

0.63%

February 2016

3.70%

0.68%

January 2016

3.86%

0.71%

December 2015

3.96%

0.78%

November 2015

4.02%

0.75%

October 2015

4.26%

0.80%

September 2015

4.34%

0.77%

August 2015

4.45%

0.77%

July 2015

4.52%

0.78%

June 2015

4.51%

0.81%

May 2015

4.60%

0.82%

April 2015

4.78%

0.85%

March 2015

4.89%

0.91%

February 2015

5.13%

0.98%

January 2015

5.26%

0.93%

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