FIRST ON 3: Foreclosure rates in Wilmington increase
WILMINGTON, NC (NEWS RELEASE) – A new housing report out today indicates foreclosure rates in the Wilmington area are on the rise.
These figures, coming from CoreLogic, show foreclosure rates up in March 2011 over two and a quarter percent.
While that’s up almost a full percent from this same time last year, the Wilmington rate is actually lower than the national foreclosure rate.
That rate still sits at over three and a half percent.
The report also says homeowners are having trouble keeping up with their house payments.
The local mortgage delinquency rate is almost five and a half percent, more than it was at this time last year.